Ref. No - BFS936687
Namibia, KhomasRef. No - BFS936687
Sector - Services
Asking Price
N$1,500,000
for 50% of business
Monthly Profit
N$28,671
being 50% of N$ 57,342
Asset Value
N$ 700,000
Stock Value
N$ 0
Yearly Net Profit
N$ 344,050
being 50% of N$ 688,100
Summary
Neat opportunity to invest in a learning and tuition centre - Windhoek
Give me more informationFully describe the business's activities?
The business can be best described as a Tutor Centre.
It delivers tutoring to learners in a classroom base. It offers international acknowledged curriculum to students of all backgrounds.
Students are supported with registration at institutions such as Cambridge as well as preparation and registration for exams
Principles of tuition is Christian based
It delivers tutoring to learners in a classroom base. It offers international acknowledged curriculum to students of all backgrounds.
Students are supported with registration at institutions such as Cambridge as well as preparation and registration for exams
Principles of tuition is Christian based
How does the business operate on a daily basis?
Tutoring is offered in a classroom environment by qualified and devoted facilitators.
The Centre operates in the same style and manner as a school.
Children with special needs are also accommodated for.
The Centre operates in the same style and manner as a school.
Children with special needs are also accommodated for.
What Advertising/Marketing is carried out?
Well-designed pamphlets and leaflets being distributed.
Most of the enrollments are however purely by "word-of-mouth" and based on the name / reputation that the Centre has established in the market.
Most of the enrollments are however purely by "word-of-mouth" and based on the name / reputation that the Centre has established in the market.
What competition exists?
Mainstream schools should be noted as competition
How could the profitability of the business be improved?
The owner wants to establish an Exam Centre which will have a immediate and direct impact on the bottom-line.
Another options to consider is relocation to alternative premises to accommodate a Laboratory.
Another options to consider is relocation to alternative premises to accommodate a Laboratory.
Give a breakdown of staff/ functions/ length of service?
2 X Admin staff:
One in charge of Office Administration & assisting the owner
One taking care of student administration such as registration on the study platforms
14 X Facilitators (call them teachers)
Classroom base tuition
One of the facilitators delivers tuition via Zoom platform (not locally based)
2 X Cleaners
General cleaning and upkeep of the facilities
One in charge of Office Administration & assisting the owner
One taking care of student administration such as registration on the study platforms
14 X Facilitators (call them teachers)
Classroom base tuition
One of the facilitators delivers tuition via Zoom platform (not locally based)
2 X Cleaners
General cleaning and upkeep of the facilities
Do any have management potential?
The owner is satisfied with all the staff and their ability to manage / run the facility in her absence.
How involved is the Owner in running the business?
The owner is fully involved in the daily activities at Centre.
When does the current lease end?
The current lease expires at the end of 2024
What are the trading hours?
Mondays through to Fridays from 08:00 to 13:00
Weekends - closed but available for after hour classes
Weekends - closed but available for after hour classes
Strengths?
Well Established and a known brand
Good monthly Cash Flow
Definite need in the market
Learner focused approach
Good monthly Cash Flow
Definite need in the market
Learner focused approach
Weaknesses?
Further growth hampered by size of property - availability of classrooms.
Opportunities?
Registration as Exam Centre
Creating a home schooling group
Proper Website/ Advertising
Registration as a Private School
Creating a home schooling group
Proper Website/ Advertising
Registration as a Private School
Threats?
Owner dependent
What is the reason for the sale?
Owner is wishes to expand the business to the coastal regions.
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