Singapore  Singapore

Sell a Business
Listing ID: 24005 Last Refreshed: 18/04/2022 Total Views: 2012

Well-Established Online + Physical Education Business For Sale

NovenaTuition and Enrichment Centers
Asking Price: Price On Request
  • Premise Type Office Building Premise Size 1400sqft
  • Monthly Rental S$4,700 Rental Desposit S$9,400
  • Revenue S$50K - 100K Liability N/A
  • Gross Profit N/A Net Profit S$10K - 20K
  • 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
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Vinod Menon
Email Owner

Reason For Sale

Owner Has Other Businesses, Unable to Maximise Opportunity

Description

A rare opportunity!


Well-established and solidly profitable education business in Novena area, running successfully for the past 14 years


Successful Online presence now in place, in addition to long-running physical centre


Extremely profitable (~30% Net Margin, ~40% Gross Margin!), Recession-proof business. Thanks to Online capability, the business saw minimal impact from COVID-19 and profitability remained unchanged


Huge scale-up opportunity, especially Online. However, the owner has other businesses and feels that the management resources required to focus and invest in scaling up is not manageable for them, and hence the willingness to look for either a full or partial buyout


Owner can remain involved in business operation for a limited period (3-6 months), if desired, for continuity and smooth hand-over. But as mentioned, the idea is to free up time for other business interests in the medium term

Serious enquiries only, please - Price On Request, but range can be understood from Revenue and Profitability ranges as mentioned in this listing

Property Information

Rent
Premise Status
Email Owner
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