Businesses For Sale in SingaporeSingapore

Listing ID: 3080
Total Viewed: 5815
Last Refreshed: 14/05/2018

Profitable Tuition Centre situated in Sengkang Hougang Area.

Hougang, Singapore

Asking Price : SGD35,000

Revenue: SGD100K - 200K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2013

Gross Profit: SGD20K - 50K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD20K - 50K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 4

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Furthering my studies
Business Description

Highly recommeneded for interested buyers who are also passionate in teaching.


I am selling the business as I will be taking up a Master programme and will be leaving the private sector for good.


Looking for a profitablewell-furnished and well-established tuition centre to take over? This is a rare location situated in a Shopping Mall near young estates like Buangkok, Seng Kang and Punggol. Surrounded by 14 primary schools and 10 secondary schools, the location is a gem in the North-East. Lots of potential to grow even with the current enrolment. 


The centre enjoys regular enquiries every day, through phone and walk-ins. Situated near music schools and childcare centre, where the density of parents with schooling children is high


No marketing has been done the past 4 years and the centre survives solely on walk-ins and referrals. 


The selling of the business includes:


1) 2 fully furnished classrooms which can comfortably sit in 8-10 students each.

2) 1 PC for adminsatrative work (worth $850)

3) 1 projector for interactive teaching and learning (worth $899)

4) 1 visualizer for teaching purposes and even for video recording of lessons (worth $350)

5) 1 Fuji-xerox office size multi-funtction copier/printer (worth $11,000)

6) Profitable, exisiting student base

7) In the heartland with large proportion of young couples with schooling children.

8) All teaching materials (Priceless)


Breakdown of revenues and expenses:


1) Monthly Revenue from Jan 2018 to April 2018

Jan: $12117.50

Feb: $7975

Mar: $10342.50

Apr: $10752.50

Average: $10296.80


2) Expenses:

Rent: $4188.32

Telco: $99

Teacher's Pay: Hourly rate (About $2000/month)

Admin Pay: $7/hr (About $600/month including CPF)

Total: $6887.30


Gross Profit/Loss

$10296.80 - $6887.30 = $3409.50


At current profit, it takes only 10 months to breakeven.



Business Operations
Business Hour:
4pm to 9pm
Supporting and Training:
Support will be provided for 2 weeks after sale
Staff:
, 4 Part Time
Property Information
Premise Status:
Rent
Premise Size:
51sqm
Rental Fee:
SGD4,188
Rental Deposit:
SGD4,188 (NOT included in selling price)
Lease Term:
until April 2019
Premises Detai:
In a shopping mall
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Fuji Xerox Copier docucentre IV, Teaching materials, Advertising materials
Competition:
Student care centre situated at level 1. Do no foresee future competition in the area.
Expansion Potential:
High potential for expansion. Expansion is limited by my time commitment.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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