Singapore  Singapore

Sell a Business
Listing ID: 16375 Last Refreshed: 30/03/2022 Total Views: 1984

International Brand Enrichment Centre with more than 120 monthly paying customers at Hougang

HougangTuition and Enrichment Centers
Asking Price: S$100K - 200K
  • Premise Type Office Building Premise Size
  • Monthly Rental S$3,200 Rental Desposit S$6,420
  • Revenue S$20K - 50K 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 3
  • Established 2015 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Steven Chia
Email Owner

Reason For Sale

Family commitment

Description

This is a franchised business of an international brand enrichment centre with more than 1500 centres worldwide and about 23 branches in Singapore. Originated from Korea, this brand focus on building students' Math and English foundation using a customised curriculum where students will learn through a systematic small steps approach. It is a proven program with many testimonials. 


Took over the business in 2015 and grow the business from merely 50 students to 200 students just right before Covid. Many efforts have been invested in the marketing for this center. Which includes an advertising panel space. MRT Posters, SMS Marketing, Ranked website, Adwords and Facebook ads to create awareness in the area. We have students from Boon Keng to Punggol as we have good reviews from our students and are the most established branch in the North East Region.


We have a constant number of walk-ins and signup due to the above marketing effort. 


We are located in a popular heartland area where parents will go for their children's enrichment and tuition programs. You will take over our current lease, fitted with a reception area, general office area, and 2 classrooms.


The new owner will be able to enjoy a headstart in this competitive but lucrative market with more than 100 subjects recurring income. You will be able to break even every month without depleting your resources while you focus on growing the business.

We let go of this business which we have put in a lot of effort and resources because of our family commitment. Only looking for like-minded business operators who wish to excel in this field.



Business Operation

Yes, this is franchise business.
Franchise
Support and training
Support and Training

Property Information

Rent
Premise Status
2 years from Aug 2019
Lease Term
Blk 203 Hougang Street 21 #04. Abut 800 sqft with reception, 2 classrooms, toilet and pantry
Premises Details
Yes, it can relocate to other place
Relocatable
Email Owner
Please send enquiry in English
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