Listing Id: 24782
Last Refreshed: 21/02/2022
Total Views: 1601
(Expired)Profitable Tuition Center 5Mins Away From Khatib MRT Station
YishunTuition and Enrichment Centers
Asking Price: S$50,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Property Information
Overview
-
Premise Type
Neighbourhood
-
Premise Size
-
Monthly Rental
S$2,800
-
Rental Desposit
S$5,600
-
Revenue
S$9,000
-
Liability
N/A
-
Gross Profit
N/A
-
Net Profit
S$3,000
-
Stock
N/A
-
FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Full Time
-
Staff
N/A
-
Established
N/A
-
Source
Direct Seller
Reason For Sale
Family member deteriorating health condition
Description
Profitable tuition center 5mins away from Khatib MRT station. Numerous neighborhood schools are in close proximity. Currently operating with c.30 students.
The potential:
1) Increase weekend classes (only have 1 per day now due to FT work schedule of owners)
2) Weekday classes are under-utilized (utilization rate is only at 50-60% due to lack of time to advertise - i.e. Have only 2-4 students per class, which can sit a max of 6-8)
3) Low rental till Dec 2024 ($2.8k per month for a 2-classroom tuition center, each able to sit 8 students) - hard to find such location and rental
Financials:
Revenue: $80k/yr
Profit: $20-40k/yr
Rent: $2.8k/m; lease till Dec 2024
Selling reason: Family member deteriorating health condition
Singapore