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Business For Sale
EDUCATION CENTRE
Attn:
Andrew Hudson
'The Midlands', United Kingdom, GB
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Listing Number: "CC066"
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Listing
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Asking Price: |
$200,000
GBP United Kingdom Pounds
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Business for Sale Industry: |
Services: Education, Training
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Reason for Selling:
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Retirement. |
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Yearly Revenues:
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$170,000 |
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Yearly Net Profit:
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$100,000 |
Business for Sale Overview:
The first Kip McGrath Education Centre was established in Australia in 1976 and in the 31 years since then the Kip McGrath name and excellent reputation has developed into a world wide franchise business with over 400 centres in operation in 18 different countries. The location of this centre which is offered for sale due to the vendor’s retirement is in the West Midlands and has been established since 2003. The Centre tutors students aged 5 to 16 in English, Reading, Spelling and Maths. Sessions take place with extensive written material and supported by computer based programs.
Property Features and Assets:
The business is located in an easily accessible and affluent area of the Midlands and operates from prime position 1st and 2nd floor premises of approximately 1,000 square feet that offers 3 good size classrooms. The business benefits from main road frontage with ample local public parking, plus 2 off street private parking spaces for staff / employees. The premises are Leasehold held on lease of circa 5 years with a rent payable annually at circa £8,500. The asking price includes all fixtures and fittings and capital equipment thus providing the new owners with a turn-key “trade from day one, profit from day one” opportunity!
Market Competition and Expansion:
The business is highly credible and has in the most part historically relied upon limited local press advertising and the best form of advertising “word of mouth recommendations” bearing testimony to the excellent reputation it has established. There are excellent opportunities to significantly increase turnover by adopting a far more pro-active approach to marketing the centre’s facilities.
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