Singapore

Sell a Business

Listing ID: 13518 Last Refreshed: 25/04/2019 Total Views: 11794

Tuition Centre Business For Sale

Central Area

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

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
Premise Status