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Listing Id: 16375 Last Refreshed: 11/01/2023 3679 Views

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

Closed
Asking Price S$100K - 200K
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$20K - 50K
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$3,200

Business Operations & Assets

Staff
3 Employee
Year of Incorporation
2015
Owner Role
Full Time
Premise Status
Rent
Premise Type
Office Building
Rental Deposit
S$6,420
Premises Details
Blk 203 Hougang Street 21 #04.
Abut 800 sqft with reception, 2 classrooms, toilet and pantry

Business Details

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.



Franchise

Yes, this is franchise business.

Buyer Support & Terms

Support and Training

Support and training
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