Singapore  Singapore

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Listing Id: 13518 Total Views: 14681

(Sold) Tuition Centre Business For Sale

Central Area

Date Closed: 01/10/2018

Asking Price: S$150,000
  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Liability N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff N/A
  • Established N/A Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason For Sale

Partners Have Diffrent Business Directions

Description

💽 Established in 2011

💽 Business operation @
Farrer Park area

💽 Shop/biz operation :
👉🏼 monthly rental $6000
👉🏼 about 850 sq.ft.
👉🏼 balance lease about 14 months
👉🏼 cost of renovation about $25K
👉🏼 renovated in 2016

💽 Estimated monthly gross revenue about $15,750

💽 Monthly Expenses:
👉🏼 owner’s salary (Ops) $1,000
👉🏼 owner’s salary (Teacher) $3,500
👉🏼 Other teachers’ salary $5,000
👉🏼 admin staff $2,500
👉🏼 misc $800

💽 If buyer can teach and run ops, buyer makes $4500 per month

💽 If buyer also runs the admin function, buyer makes $7000 per month

💽 105 students

💽 No director fee

💽 4 directors in the company

💽 Director’s involvement in the biz
👉🏼 Teaching and ops/marketing

💽 Business name /website / Facebook
- To be disclosed during meeting with buyer

💽 Staff :
👉🏼 owner/teacher full-time, the rest are all hourly rate teaching staff

💽 Operating hour :
👉🏼 Mon to Fri 1pm to 8pm
👉🏼 Tues closed
👉🏼 Sat to Sun 9am to 5pm

💽 Current setup is 4 partners/directors.
Easier for single owner/teacher to extract value ie. $4,500 to $7,000 depending on how owner organizes the Admin function

💽 Open for joint venture with new investor ?
- Please propose

💽 Selling price $150K negotiable

Thank you & blessings

Property Information

Rent
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