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BUSINESS REFERENCE : CC082 / RightBiz MATHS AND ENGLISH TUITION FOR CHILDREN FROM RECEPTION CLASS AGE THROUGH TO GCSE | | | | | | Numberworks – Maths and English tuition for children from Reception class age through to GCSE UK Master Franchise Confidentially offered for sale Ref. No: CC082 Location: Anywhere in the UK Asking price: Offers invited | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Language Schools | | SALE: | Agent Sale | LEASEHOLD: | £00 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Already an immensely successful concept in Australia and New Zealand, having been set up over there in the early 1980’s and more latterly across the Pacific basin, this is an excellent opportunity to acquire the UK Master Franchise for Numberworks – a business offering English and Maths tuition to children, one of the growth industries of the millennium. With the increasing importance of education to the future prospects of children – to the extent that in the UK families are prepared to move home to ensure their children are in the right catchment area for a particular school, this exciting new concept is rapidly re-defining the role of private tuition, already with a number of very well established franchises across the UK.
Originally developed as a Maths program – by a group of top Maths teachers, the Numberworks concept was designed to address the problems they observed in their classrooms – from boredom in highly competent students to a lack of self esteem and a dislike of the subject in others. Taking full advantage of the benefits technology could bring – the Numberworks program is computer based throughout, this company more recently turned its expert team of educational software specialists on to satisfying a growing demand from parents for an English program with the same benefits as its Maths counterpart: unique resources, highly skilled delivery blended with fun and enjoyment for the students.
Crucially using the same teaching methods as those used in school, and commencing with a clear assessment of a child’s capabilities, this business provides tailor-made, needs-based tuition for children aged from Reception through to GCSE in Maths and up to a reading age of 12 in English. Typically situated in standalone premises there are currently 40 Numberworks franchises worldwide, five of which are well established in the UK – with the worldwide numbers growing rapidly. In the UK students tend to attend for one hour per week during term time with further tuition available through Holiday courses. At least one franchise currently offers ‘overflow’ education resources to students that the local authority cannot find places for. Whilst some tuition is seen as ‘remedial’ by the parents of the children that attend, it is estimated that approximately 50% of the local market for this business is exam driven – preparation for SATS, GCSE and School entrance exams – with course content delivered by students and teachers living in the area local to each franchise operation.
With combined turnover for the whole of the UK operation set to achieve £x00,000 from the existing franchise network during the 2007/8 financial year, this represents an excellent opportunity for an organisation or individual with exactly the right credentials to acquire an exciting new concept business – but one which is now well established in the UK where the demand for tuition in Maths and English is set to grow significantly for the foreseeable future and beyond. With five franchises already set up and excellent support available for UK expansion from the original founders of the concept, an acquirer of this Master Franchise will be ideally placed to take maximum advantage of this growth.
Key strengths:
Franchising as a concept has enjoyed steady growth in the UK in the last decade, despite the nation's cycles of expansion-recession-recovery. Franchising does well in bad and good economies, because it has less to do with economic issues than with changing consumer patterns. With demand for private tuition for children in Maths and English in the UK at an all time high particularly where the local State education provision is considered to be far inferior to the private sector - the availability of this Master franchise, at such an early stage in its UK roll out represents an excellent opportunity to take full advantage of the growth of this very significant market.
Offering exceptional levels of service and dedication to understanding the needs of franchisees, this business fulfils their needs with an appropriate mix of service, reliability and on-going support. The franchisees in turn deliver high quality tuition to children in their respective territories. This business incorporates the most up to date developments in the curricula in each of the countries in which it operates with the very latest teaching methods, delivered using the most sophisticated educational software available. The in-built software enables individual student’s capabilities to be assessed, progress tracked and programmes customised accordingly. This combined with low teacher to pupil student ratios and local, friendly and highly qualified teaching resources makes Maths and English learning fun and enjoyable but perhaps most importantly highly effective. As a result, franchise operators can demonstrate very impressive rates of success for their students in SAT’s, GCSE’s and entrance exams wherever a franchise has been set up in the UK.
Demonstrable results ensures high levels of uptake from parents of children with strong word of mouth recommendation through the ‘school gate’ network obviating the need for high levels of investment in marketing and advertising. High levels of customer satisfaction and uptake result in significant margins for the franchisee and as a consequence healthy returns for the Master Franchisor.
As would be expected from an organisation that has gone to the fullest lengths possible to get its product offering right, franchisee support is exceptional with a comprehensive training course, on-going online training and mentoring, comprehensive operating systems containing all the Best Practice available refined from experiences from other markets in which this business operates and proven successful marketing plans and programmes together with all the tools and knowledge required to operate, promote and develop the business.
Key opportunities:
The rights to the Master Franchise enable the acquirer to develop the franchise model throughout the UK together with the existing franchise operations already in place.
The benefits of acquiring the existing principle operation include:
• The values associated with a strong, identifiable worldwide brand.
• A proven business formula.
• An established and UK-specific low cost business model.
• The existing customer base and revenue streams from royalties, equipment and merchandise.
• Full training in running the business.
• Continuing access to the central team in New Zealand and their expertise in the business system.
• The provision of comprehensive operating manuals, training and marketing materials.
• An asset which will increase in value should the purchaser decide to sell the business at a later date.
Franchise roll-out in the UK to date has been slow and restricted partly by the distance between the New Zealand base of the business Owners and the home market – but perhaps more significantly by the determination of the business Owners to ensure the UK Master Franchise is placed in the right hands. The franchises that have been established in the UK have often been set up by ex-pats living and working in the UK, well aware of the success of the concept in their own country which speaks volumes as to the growth potential of this business. A dedicated and committed management team will be perfectly placed to build on the foundations already laid and establish many more franchises via a controlled and carefully managed programme rolled out within a very short period of time.
Competition
The key to the company's growth, profits and success in other markets has lay in its proven strategy to differentiate itself from its competitors with an uncompromising commitment to the delivery of quality educational programmes enjoyed by children and parents alike using excellent equipment in top class facilities.
Market Outlook
This business is in a growth industry within a growth market in the UK – as parents of children grow increasingly concerned at the provision of basic skills education in UK schools and appreciate the benefits that additional tuition in English and Maths can bring in terms of getting their children into the better quality schools in their area. As a result this business can expand as fast as a buyer can apply resources. Whilst it is in competition with the myriad of individuals providing one to one tuition in Maths and English preparing children for GCSE, SAT’s and school entrance exams there are only a small number of competitors in the UK operating on the same scale as Numberworks. This business which could be considered to be the worldwide market leader in its sector however offers a far more sophisticated approach through its teaching methods, the educational software as well as the unparalleled support available from the worldwide operation.
The premises:
Having operated a number of franchises in the UK to date but without a UK Master Franchisor, there are no premises available with the sale of this opportunity. As such the business could be set up anywhere in the UK.
Support and training
Full training, support and handover will be provided by the Worldwide operation in New Zealand, supported on an on-going basis by the high-quality and well developed systems that are in place as would be expected of such a successful and mature franchising opportunity. With five franchises already established and the potential for hundreds more throughout the UK, this is a great opportunity for the new owner.
Financial Information:
Full financial disclosures including the current performance of the five existing franchises in operation is available subject to the completion of the usual Confidentiality formalities.
To the founders of the business placing the UK Master Franchise in the right hands is far more important than the proceeds arising from a sale of it, hence the reason why there is no indication of the Asking Price for this opportunity. It is envisaged that an individual or organization with a background in education and with the necessary funds and resources and experience of building a franchise network will be best placed to secure this excellent opportunity.
Reason for sale:
Having entered the UK market and established a number of franchise operations almost on an ad hoc basis and without the support of a UK Master Franchise holder, the Owners of the Worldwide operation are fully appreciative of the potential there is in the UK market for the Numberworks concept. As a result the Owners wish to pass this opportunity to a suitable individual or organization to build upon the foundations that have already been laid and to realize the full potential that undoubtedly exists | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CC082 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
