Successful Private Maths Tutoring Academy With Development Potential | | Undisclosed Lincolnshire | | LINCOLNSHIRE - RELOCATABLE SUCCESSFUL PRIVATE MATHS TUTORING ACADEMY WITH DEVELOPMENT POTENTIAL Age range from 8 to 18 covering KS1 to A levels Long term student base from circa 40 to 70 A/T: £55,400 ADJ NP Circa £50,000 pa Excellent potential to expand ASKING PRICE: £110,000 +SAV REF; 1132NG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66549
ADVERT IMPRESSIONS : 13,609 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Education / Learning | | SALE: | Agent Sale | ASKING PRICE: | £110000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Trading from vendors home close to Sleaford in Lincolnshire
Fully re-locatable within the county
Two dedicated rooms for private lessons
Easy road access for parents with ample parking
HISTORY
Launched by the vendor in 2010 as private academy specialising in tutoring mathematics, following many years teaching and lecturing
Superb website
Excellent reputation developed within the county
Solid student base built up for the new owner
REASON FOR SALE
Vendor wishes to concentrate on other business ventures within the educational arena
SERVICES
Private mathematics tuition through structured individual learning plans
Emphasis on long term work rather than examination cramming
Exclusively one to one tuition supplementing classroom learning
All ages and abilities catered for including
o Key stages 1, 2 and 3
o GCSE students
o A Level students
o Mature students
CUSTOMERS
Privately funded students typically with professional parents
Long term relationships with exceptionally high repeat rate
Age range varies from 7 to 42 (vast majority under 18)
Weekly lessons for most students
Typically 40 to 70 students on the books throughout the year (flexes with the academic year)
Wide catchment area with students drawn from throughout Lincolnshire
STAFF
Vendor
Part time administrative support from spouse
TRADING HOURS
As student demands dictate
FINANCIALS
2010/2011 turnover £55,400
2011/2012 forecast turnover £66,700
Lessons currently charged at £25 per hour
Excellent level of net profit exceeding £50,000 per annum
OVERHEADS
Website £300 pa
Workbooks £100 pa
Stationary £500 pa
Advertising £200 pa
PREMISES AND EQUIPMENT
Currently run from two rooms in the vendors home
Investment in workbooks and materials minimal
Website has a dual function of business development and student support with homework and tests set
STRENGTHS
Established over 18 months with excellent reputation and loyal repeat student base
Extremely low overheads
Re-locatable throughout the county
Strong systems and protocols in place
Excellent financial performance ensuring short payback period for suitably qualified buyer
Currently trading below the VAT threshold
SCOPE
Extension of geographical reach possibly to adjacent counties
High level of demand for private tutoring within the county
Employment of additional tutors
Introduction of further subject areas and websites
Additional focus on business development activities
Could be ideal for husband and wife team
Eminently suitable as bolt on business for tutoring/training business
TENURE
Run from home the vendor would be happy to rent the existing rooms to a buyer if required
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1132NG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
