Key Features: Good location. One of the leading market eduction franchises. Great franchise on going support. Very short trading hours, only open 1.5 days. Good income for short working hours. Easy to run. Huge growth potential. Great demand on market.
State: NSW
Suburb: Randwick
Location: Situated on main shopping road in affluent area of Eastern Suburbs.
Premises: The school has an area of approx. 150 m2 including reception area and 5 class rooms.
Not enough time to be involved in the business due to both owners having full time jobs and far away from the home.
Sale Reason
June 2021
Established
2 owners reception job ( 1 working Thursday 4 pm to 7 pm, the other working Saturday 8:30 am to 5:45 pm. Total 1 1/2 days ) plus casual teachers.
Employees
1.5 days. Thursday ( one class ) 4 pm to 7 pm. Saturday (7 classes ) 8:45 .m to 5:45 pm.
Trading Hours
3 + 2 years lease commenced February 2021. 3% annual increases. 3 months security deposit. -New lease is not available. The interested buyer needs to find a new place to continue the business.
Lease
Franchise coaching school for after school education. It has provided customised learning material and tutoring service to students ( Kindergarten - Year 6 ) for entry examinations into opportunity class, selective high school and private school scholarships. Average students pay $770 tuition fee, plus learning books and materials fee $86 per term (10 weeks or 11 weeks ). It has 5 class rooms with up to 60 seats. Currently only open 1.5 days due to both owners having full time jobs.- The lease will expire soon so the business needs to be relocated.
Features
Good location. One of the leading market eduction franchises. Great franchise on going support. Very short trading hours, only open 1.5 days. Good income for short working hours. Easy to run. Huge growth potential. Great demand on market.
Potential
A hand over to a full time motivated owner operator could open 6 days ( Mon. to Fri. after school hours and full day on Sat.) to boost income. Could open school holiday course. Could apply for high school course ()franchise optional ). Expectedly the business profit could increase more than $2000 p.w. if fully operated.
Comments
Learning and test materials are supplied by franchise head office. Misc- 1-8% franchise royalty fee (total takings subtract materials cost ). A great potential of high income business. Well priced for sale. Inspections must be through SBX Business Brokers to make an appointment.
