Listing Id: 24005
Last Refreshed: 30/10/2022
Total Views: 3157
(Expired)Well-Established Online + Physical Education Business For Sale
NovenaTuition and Enrichment Centers
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Office Building
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Premise Size
N/A
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Monthly Rental
S$4,700
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Rental Desposit
S$9,400
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Revenue
S$50K - 100K
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Liability
N/A
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Gross Profit
N/A
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Net Profit
S$10K - 20K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
N/A
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Established
N/A
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Source
Direct Seller
Reason For Sale
Owner Has Other Businesses, Unable to Maximise Opportunity
Description
A rare opportunity!
Well-established and solidly profitable education business in Novena area, running successfully for the past 14 years
Successful Online presence now in place, in addition to long-running physical centre
Extremely profitable (~30% Net Margin, ~40% Gross Margin!), Recession-proof business. Thanks to Online capability, the business saw minimal impact from COVID-19 and profitability remained unchanged
Huge scale-up opportunity, especially Online. However, the owner has other businesses and feels that the management resources required to focus and invest in scaling up is not manageable for them, and hence the willingness to look for either a full or partial buyout
Owner can remain involved in business operation for a limited period (3-6 months), if desired, for continuity and smooth hand-over. But as mentioned, the idea is to free up time for other business interests in the medium term
Serious enquiries only, please - Price On Request, but range can be understood from Revenue and Profitability ranges as mentioned in this listing
United States