Well Established Children's Education Centre | | Banbury Oxfordshire | | Kip McGrath Banbury is a franchise providing tuition in Maths and English to 6 - 16 year olds. Using well proven, easy to use software children are given individual tuition in groups of 4-5. Currently 55-75 students with potential for significant growth. Lease to let or rent Well Established Children's Education Centre is located in Oxfordshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 25980
ADVERT IMPRESSIONS : 12,900 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Private Sale | LEASEHOLD: | £30000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The Kip McGrath Education Centre in Banbury opened in September 2006 and is now a thriving business with plenty of potential for further growth. Student figures in the last 12 months have been consistent, ranging from 55 to 75. Kip McGrath is located in the centre of Banbury close to the shopping area and the famous Banbury Cross. Access is easy and there is plenty of convenient parking. Banbury is in North Oxfordshire surrounded by many busy villages. Its excellent road (M40) and rail links make it a popular commuter town for people working in London and Birmingham. The franchise area includes over 20 primary schools and 9 secondary schools. Good relations have been established with many of these. Offer
The Centre is offered for sale as a going concern. The price is to include the franchise to operate the Centre, the existing clients at the time of sale, a historical client list, computers and computing equipment, desks and office furniture, website and the transfer of the lease of the premises. A detailed inventory can be provided once a firm expression of interest has been received. This offer for sale is made without prejudice. The Premises
The Centre is located in South Bar, a main thoroughfare in Banbury, close to the main shopping area. There is plenty of public parking available immediately outside and close to the Centre. The Centre is visible to a high volume of passing traffic and pedestrians. It is within walking distance of several schools. The Centre consists of 2 floors situated above shops. Access is directly from South Bar. The first floor has 3 rooms and a large hallway. Currently the rooms are used as a teaching area, a waiting room and an office. All 3 rooms could easily be converted to teaching areas. The 2nd floor consists of a teaching area, a room which is currently unused but would make an excellent office or a further teaching area, a kitchen, 2 toilets and storage. The total area is 103 square metres. The premises are well furnished, lit, maintained and decorated and heating throughout is by gas central heating. The large windows onto South Bar provide plenty of natural light which makes for a very pleasant teaching environment. The rent is £8,500 per calendar year payable quarterly in advance. There is a break in the lease in June 2009 at which point the lease can be extended for at least 2 years. Given current conditions in the property market the landlord is keen that the premises remain occupied and has indicated a willingness to review the rent. The Business
The centre opened in September 2006. In the last 12 months student numbers have been consistent, ranging between 55 and 75. The Centre caters for students from Year 1 through to GCSE. The owner has consciously chosen not to expand the Centre beyond its current numbers, the volume of enquiries received however indicate that the business has plenty of potential to grow beyond this level. Marketing to date through the local press and journals, the Internet and local businesses has established a good brand awareness of Kip McGrath in the area. This is now added to by a healthy referral rate from satisfied clients and from teachers who have seen the improvement in their pupils. The main outgoings of the business are the franchise fee, rent and marketing. Detailed financial figures can be provided once a firm expression of interest has been received. Staff
The Centre currently has 2 part time staff both of whom have indicated a desire to continue at the Centre following a sale. Special conditions of sale
The following special conditions shall apply to the sale:
The Master Franchisee is required to interview and approve the purchaser. The purchaser shall be required to operate the business in accordance with the terms and conditions of the franchise. The initial franchise training course to be successfully completed. The purchaser must be a qualified teacher and have a valid CRB document. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 25980 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
