List Price
$50,000.
About the Business
Sydney’s leading language immersion provider and has been delivering Chinese language lessons since 2009.
Their programs focusing on kids age from 2 to 15 years old operating 4 terms a year and school holiday workshops teaching from their developed curriculum and covering contents that are recognised in the Youth Chinese Test (YCT) levels.
The business comes with an active social media and informative well-presented website.
In the past, the premises were hired out to other languages and karate class for extra income and established other centres in the Lower North Shore area.
The venue is in a safe and secure community complex with plenty of carparking for parents drop off and pick up kids.
A well-established business that is resilient and potential to grow more and franchising for new Owner.
Trading Hours
Monday – Friday: 10am – 5:30pm, Saturday: 9am – 3pm & Sunday: 9am – 12:30pm
Employee
1 x Owner (Part-time) and 5 x Casuals.
Lease
The premises consist of 160 sqm of lettable space for 3 classrooms, large multipurpose space, office, storeroom, kitchen, toilet and 3 car space parking. The lease commenced February 2019 with 5 years & 5 years renew option expiring February 2029.
The lease has CPI annual rent review and current monthly rent: $4,705.01+GST. Monthly outgoings: $567 and requires Bank Guarantee of $12,000.
The Owner will assist in the process of getting a new longer lease if needed.
Income
Last 6 years revenues; $312,258 (2018), $221,714 (2019), $136,157 (2020), $133,553 (2021), $140,637 (2022) & $169,756 (2023).
Strengths & Potentials
✓ Ideal for an Owner passionate about teaching or running a language class with minimum experience.
✓ Safe and secure location with plenty of carparking for parents drop off and pick up students.
✓ A well-established business that is resilient and potential to grow more and franchising for new Owner.
✓ The Owner wanting to retire after many years in the education and is motivated to sell the business.
✓ Rarely that you get a chance to be your own boss, working with qualified teachers in a fun environment.
Contact us today to seize this exceptional business opportunity before it’s gone!
