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CONFIDENTIAL SALE
FOR SALE
04/07/23
516041
We are selling our tutoring business established over 10 years ago operating from two locations: busy North Nottinghamshire market town and a city in South Yorkshire. Both Centres are well equipped, there is a free car park for parents.
The Centres provide face-to-face tuition in English and Maths for students aged six to sixteen in a safe and focused environment. All students are individually assessed and follow their own study programs. These can include:
- Literacy and numeracy
- Maths
- 11 and private school entrance exam preparation
- Preparation for Key Stage two SATs
- GCSE English, English literature, Maths
- Summer holiday tuition
- Classes for home schooled students
- Dyslexia screening
The teaching space is well equipped with computers, printers and plenty of educational aids, including a bespoke management system and a set of teaching materials for English and Maths. Some of the resources used are Internet-based and access is purchased annually, there is also a good range of tactile resources. All materials, furniture and equipment are included in the sale.
The Centres have an excellent reputation in the area. Most of our students come through recommendations or sibling’s referrals. Still, we also advertise locally and have a solid online presence and links to local schools, so our name is well known.
One of the Centres is OFSTED registered under the voluntary register to allow parents access to childcare funding. Unlike many other tuition centres, this business is independent, and therefore no franchise fees are payable.
The business is well placed to take full advantage of the increasing demand for quality tuition and ideal for a teacher/s who want to enjoy teaching without the stress and constrains of school life.
The income for owner/ tutor is cir. £36,000 -38,000 p. a.
The owners are selling due to their wish to relocate. There is plenty of scopes to expand the business through employment of additional tutors to increase the number of tutoring sessions on offer and/or adding online tuition in some form and therefore increasing the income too. There have been some requests for sciences and ‘A’ level maths, so these two areas definitely would be worth developing.
The vendor offers an initial handover and training period and phone/email advice and consultancy.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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