Listing Id: 5424
Last Refreshed: 07/05/2019
Total Views: 14967
(Expired)Profitable Tuition Centre For Sale
BedokTuition and Enrichment Centers
Asking Price: S$280,000
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Premise Type
N/A
Premise Size
-
Monthly Rental
S$3,000
Rental Desposit
N/A
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Revenue
S$200K - 500K
Liability
N/A
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Gross Profit
S$100K - 200K
Net Profit
N/A
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Stock
N/A
FFE
N/A
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Payable
N/A
Receivable
N/A
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Owner Role
Investor
Staff
3
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Established
2011
Source
Broker
James Low
Citi Commercial Pte Ltd
- Reason For Sale
- Description
- Business Operation
- Property Information
Reason For Sale
Looking at other business opportunities
Description
Please see the information on the Tuition Centre below:
Property Information:
Size: 700sf
Current Fixed Rental Price: $3,000/month
Lease term: 5 years from June 2017
3 Classrooms
Business Information:
Current Student Count: 140 students
Subject Count: 280 subjects
Annual Revenue: $350k to $400k
Nett Profit: Approximately $100k
HR Expenses
Includes Full & Part-time teachers, admin and cleaners: $12,000 to $13,000 per month
Inventory system and equipment:
CMS System to keep track of
- HR and Payroll
- Accounts
- Student records and attendance
Worth Approximately => $70,000/- (5 years ago)
Computer/Printers/Interactive Boards
Worth Approximately => $30,500/- (2 years ago)
Renovation Cost: $50,000/- ( 1 Year ago)
Brand name of the tuition centre (Word of mouth effect) + In-house teaching materials: Worth approximately 30,000 to $40,000
Expected ROI within 2 to 3 years.
Training to be provided on how to manage the centre.
Call James @ 8180 3752 now to find out more
Business Operation
To at least have some knowledge in education as te centre teaches from K2 and prepare the students to take on PSLE and O Levels examination.
Background & Skills
Property Information
5 year from June 2016
Lease Term
The centre moved from a few blocks away last year into the current premise. It has been operating since 2011 and the students come mainly through "word of mouth" from existing and old students.
Premises Details