SingaporeOverview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
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
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