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Educational Business For Sale in Bloemfontein Free State

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Well Known Maths And Science Centre (with Property) For Sale

Location:Bloemfontein, Free State

Category:Educational

Asking Price:R2,550,000

2550000

  • Sales revenue : R850,000
  • Net profit : R500,000
  • Furniture/Fixtures value : R150,000
  • Inventory/Stock value : R10,000
  • Well Known Maths And Science Centre (with Property) For Sale
  • Well Known Maths And Science Centre (with Property) For Sale

Business description

The Maths and Science centre was established 15 years ago and is part of a 40 year old franchise group. The core business of the group is to deliver extra Maths and Physical Science lessons not only to school students but also to adults wishing to improve on their matric results. The business uses a state of the art interactive computer program to deliver online and in-center tuition (known as blended learning).

The business is very profitable and has survived the covid lockdown well. The owner wishes to retire.

Other Information

  • Selling Assets: The sale includes: 1. Network switch 2. Network cabling 3. 15 workstations 4. An online server which is backed up to the cloud every 5 minutes. 5. A fibre modem (uncapped 20Mbps) 6. Isolated and dedicated power supply.
  • Is Business Relocatable?: The business can be relocated.
  • Is Business Home Based?: Yes - but the centre is separate and adjacent to the house.
  • Franchise: The franchisor (head office) has to approve the new owner (franchisee). The franchise fee is approximately 20% of turnover (including national advertising and Value Added Tax)
  • Real Estate: 4 Bedroom house with a flatlet. (Total area 426 sqm) The business is on a corner in a busy street with ideal customer parking facilities. The centre area is approximately 110 sqm which includes a bathroom and kitchenette. The computer network can accommodate 30 computers and connects to the internet via uncapped fibre. The power supply can be coupled to a generator and terminates in dedicated red plugs.
  • Competition: Some schools and varsity students provide extra one to one lessons in the area, but very few have the facilities to implement blended learning (i.e. online interactive working at home coupled with regular attendance in a centre).
  • Expansion: There are 16 schools in the area and approximately 13000 students (learners). More centres can be opened in the franchise area, if required.
  • Years Established: 2005
  • Employees: 2
  • Trading Hours: 14:00 to 18:00 Mon - Fri
  • Support Training: The franchisor (head office) provides a one week introductory training course and thereafter ongoing business and IT support.
  • Reason For Selling: Retirement
  • Lease Terms: Owner finance available. 50% deposit, 12% pa interest, 20 year period (negotiable)
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