(Sold) Profitable Tuition Centre situated in Sengkang Hougang Area.

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 profitable, well-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.