Owner Selling Well-Established, Recession-Proof Tuition Business in Solihull with 120% Growth
Solihull, West Midlands
- Status
FOR SALE
- Date Submitted:
01/04/24
- Advert ID
609048
- Freehold: £249,000
- Turnover: £380,000 (£7,308 Per week)
- Net Profit: £80,000 (22% Profit margin)
Key Features
- High Turnover
- Prime Location
- Retirement Sale
- Attractive Business
- Established Business
- Accounts Available
- Company for Sale
- Home Based
Business Details
Successful Tuition Business For Sale in Solihull by Owner
A highly successful tuition business based in Solihull is available for purchase directly from current owners. This widely recognized franchise brand has been well-established in the field for four years and has maintained continuous growth. Outstanding demand for high-quality academic services has led to a rapid and sustained development, with the business expanding by 120% in the last financial year. Its strong standing indicates a promising forecast for the following year, adhering to the established upward trend.
The tuition agency is a franchise based business that provides educational support to over 100 students at any given time. This sizable operation engages in large contracts with schools as well as local authorities to supply their educational services. The successful execution of these significant contracts is facilitated by a team of 50 subcontractors, diligently working to deliver the company's acclaimed services throughout the West Midlands.
Renowned as the leading provider of tuition services in the area, the business has built a robust foundation for continuing prosperity. This spouse-led venture operates from home on a full-time basis providing the new owners a safe and rewarding investment.
Categorized as a service-based enterprise, its profitability isn't influenced by fluctuations in the economy, making it a stable and recession-proof investment. The current owners, considering retirement, are open to retaining a minority stake in the business. They are also willing to offer their support to the new owners on a part-time basis, facilitating a seamless transition.
This is business is run from a home office with remote staff. The buyer would have to live in the Birmingham/Solihull area in order to meet and maintain relationships with new clients.
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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