Description

Franchise coaching school for after school education. It has provided customised learning material and tutoring service to students ( Kindergarten - Year 6 ) for entry examinations into opportunity class, selective high school and private school scholarships. Average students pay $770 tuition fee, plus learning books and materials fee $86 per term (10 weeks or 11 weeks ). It has 5 class rooms with up to 60 seats. Currently only open 1.5 days due to both owners having full time jobs.

Potential

A hand over to a full time motivated owner operator could open 6 days ( Mon. to Fri. after school hours and full day on Sat.) to boost income. Could open school holiday course. Could apply for high school course ()franchise optional ). Expectedly the business profit could increase more than $2000 p.w. if fully operated.

Features

Good location. One of the leading market eduction franchises. Great franchise on going support. Very short trading hours, only open 1.5 days. Good income for short working hours. Easy to run. Huge growth potential. Great demand on market.

Premises

The school has an area of approx. 150 m2 including reception area and 5 class rooms.

Location

Situated on main shopping road in affluent area of Eastern Suburbs.

Trading Hours

1.5 days. Thursday ( one class ) 4 pm to 7 pm. Saturday (7 classes ) 8:45 .m to 5:45 pm.

Lease

3 + 2 years lease commenced February 2021. 3% annual increases. 3 months security deposit. -New lease available.

Employees

2 owners reception job ( 1 working Thursday 4 pm to 7 pm, the other working Saturday 8:30 am to 5:45 pm. Total 1 1/2 days ) plus casual teachers.

Comments

Learning and test materials are supplied by franchise head office. Misc- 1-8% franchise royalty fee (total takings subtract materials cost ). A great potential of high income business. Well priced for sale. Inspections must be through SBX Business Brokers to make an appointment.

SBX ID

M2248