Established Tuition Centre Specializing In Chinese For Takeover

EduGrow.sg | Centre Code: EG38 | Whatsapp/Call: Benjamin 98807751 |
This MOE registered tuition/enrichment centre is located in a shopping mall, and has been established for over 20 years. Comprising of 5 classrooms with 200 capacity of students, they specialize in higher/normal chinese, and also offer tuition for English, Maths and Science. It is a one-stop tuition service for all levels from Preschool to Secondary, and covers all streams (Foundation, Standard, N(A), N(T), Express & IP).
They offer all subject combinations (Pure / Combined Sciences, E & A Math and POA, etc), and has a focused small group class size of 5.
All in-house materials are provided (FOC), and they had a team of professional, experienced & qualified teachers / full-time tutors in the centre.
They utilize Computer & iPad programs to help in learning, and craft individualized lesson plans to aid learning at student's own pace.
A wide variety of enrichment programs like Abacus and Chinese Calligraphy offered too.

BUSINESS SUMMARY
Capacity: Up to 200
Enrolment: 70
Size: 657 sqft (5 partitioned classrooms)
Fees: $140-200/month, $300-450/term
Revenue: $15k to $20k for non-peak
Rental: $5.6k (inclusive of GST)
Lease term: 3 year expiring Dec 2027
Staffing: 11, but can vary depending on enrolments
Staff cost: $4.6k (varies depending on staffing requirements)

They offer a paid trial class, and typically convert 70% of trials into a paying customer. Enrolments mainly via word of mouth of through website leads.
Renovation was done 2yrs+ ago costing $20k+. There are also a few new upcoming huge HDB development (Rail Green I and II with 1895 units) built right beside mall and will be huge demand boost in near future.

Contact Ben 98807751 today to discuss this opportunity.

Visit Edugrow.sg to see for other centres for sale.