BUSINESS ID XB158226 - K-12 ENGLISH AND MATHS TUTORING - FULLY STAFFED HUGE OFFICE
This opportunity is perfect for a qualified teacher seeking a lifestyle change with a steady income and rewarding work. Well-established in the area with little competition, this Kip McGrath Franchise is fully staffed, furnished and resourced for a smooth handover.
Boasting an enormous office space with high ceilings in a busy location, this investment offers endless potential. An increase in turnover is forecast for the coming year and there is the option of opening another centre nearby.
BUSINESS HIGHLIGHTS:
-The Kip McGrath franchisee network is comprised only of qualified teachers (primary or secondary), but a current NESA number is not needed
-The single owner since 2018 has had an excellent work-life balance working approximately 15 hours per week from home and in centre
-Business is fully established and staffed with wonderful tutors who are long-term and enthusiastic
-Long standing reputation in community and good relationships with local schools
-Currently in the first year of a 3 x 3 lease, providing plenty of security (with an incredible landlord and property manager)
-Turnover: Approx $20K pm, owner profits $100K pa (set to increase in this year)
-Premises: Approx. 191sqm with 4 internal offices, an open workspace, kitchenette and two private toilets on office level
-Located in an excellent retail/commercial complex with gyms, children's dance school and swim academy nearby
-Lots of young families and in close proximity to all local schools
-Approx. 18,000 students in the territory - No major competition
-NBN recently installed
-Assets include 14 laptops, 12 desktops, 1 printer/copier/scanner, bookshelves, student desks and chairs, private office and desktop for manager, beanbags, and two large whiteboards
-Head Office provides sales and marketing resources, including national TV and radio ads, social media campaigns and your own BDM to support growth
-Successful buyer must complete head office training in Newcastle (included in price) where they will meet other franchisees, learn the system and gain confidence to begin operating
PRICE: $130,000
Property Code: 3862
