Maths & English Tutoring Business in Long Eaton Notts/Derbys for Sale - Established Franchise
Long Eaton, Derbyshire
- Status
FOR SALE
- Date Submitted:
18/03/22
- Advert ID
292384
- Asking Price: £50,000
- Turnover: £55,000 (£1,058 Per week)
- Net Profit: On request
Key Features
- Close to Local Amenities
- New Lease
- Attractive Business
- Fully Fitted
- With Car Park
- Established Business
- Accounts Available
- Company for Sale
- Small Business
- Retirement Sale
- Town Centre location
Business Details
Maths English Tutoring business for sale in Long Eaton Notts Derbys
The business for sale is an established franchise and benefits from other franchised businesses under the same brand within the East Midlands area. The current owner is looking to sell due to retirement and has been running the centre since 2016. The business is a good going concern and the ideal buyer would be a qualified teacher, although there is already a team of established teachers in place. Tuition is delivered to children aged 6-16 in both mathematics and English. The ideal buyer would be looking to exit the teaching profession but does not need to be a subject specialist in maths/English, or indeed a teacher. This is a ready made business available for immediate takeover generating a healthy profit.
The centre delivers a blend of online and in centre tutoring. The franchisor has a bespoke online platform with teacher/student present and all systems are recorded for safeguarding purposes. The system is excellent. Delivery is on a small ratio basis with a maximum of five students, but more usually 4, depending upon the respective student profiles. The business is Ofsted registered and takes pupil premium children from local schools as well as various Government qualifying schemes. The last Ofsted visit was November 2020 and there were no action points for the centre. There is also the potential to deliver functional skills to training providers in maths and English.
There are currently 65 students registered and receiving tutoring on a weekly basis. The market for tutoring is robust and there is significant scope for further business growth, particularly as parents are starting to realise the impact of the pandemic on their child's education.
The centre is located within a small business centre so rent is minimal, compared to a fully leased centre; the operating environment is of a high standard. Computers and materials are all in place and the business purchaser would receive training from the franchisor in all aspects of the business.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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