Award-winning Childcare & Private Tuition Centre for Sale

Confidentially offered for Sale

Ref Number: EB01-ABS
Asking Price: £420,000
Location: Greater Manchester

Turnover: Circa £307,000 per annum

Generated from weekends and one evening opening each week.

Gross Profit: £200,000

Net pre-tax profit £136,643 (including addbacks).

A ready-made opportunity exists to increase the turnover and profits significantly, by operating the childcare facility from 

9am- 3pm, which could generate an additional £300,000 plus per annum.

Sessions: Circa approximately 450 per weekend (Two and half days)

Established: Over 17 years plus with 25 years of experience in the industry

 Business Profile

A well-established business on a busy commercial road around various schools and colleges with an enviable reputation and approximately 170 students at the time of instruction.

The current owner is happy to offer a handover to ensure the continued success of the business and continued assistance for future endeavors.

Business in a growth position with a secured customer base and plans to expand. Ideal bolt-on to an existing tuition business looking for a foothold in Greater Manchester

Key Opportunities:

Our client’s Award-Winning status of 2022 says it all. The tuition Centre won Children’s Tuition Company of the year 2022 for Manchester and Northwest.

Any buyer will not be disappointed with this genuine find. With it lays an opportunity that will bring greater prosperity for the right buyer.

Even though the business runs for 2.5 days a week (Saturday/ Sunday full day and Wednesday evenings) it generates a healthy turnover of £307,000.

Services offered

The Private Tuition Centre operates as a tuition Centre, with the opportunity to also offer childcare nursery.

Previously on the same premises there has been operating a fully functioning nursery during the day time five days a week.

As the nursery set up is still there, it is easy increase capacity and restart the running of the nursery during the week days. The sole owner has been unable work seven days a week.

The building and the set up meet all the Ofsted and Legal requirements and the building is a nice large safe space for both businesses to run in synchronicity side by side. 

The Centre is set in Greater Manchester within a large residential area. This means there is a massive scope with a high concentration of parents with children ranging from nursery age to those studying at college. With several schools around this urban area the area there is a need for another nursery.

This means that while the tuition Centre will continue Saturday, Sunday and Wednesday evening, the nursery will run five days a week full time. The inside of the building is modern, large and spacious the owner has also spent £15,000 with setting up the large garden outside suitable for nursery space.

There is a real scope to run both business under the same roof with little additional costs.

The Childcare and Private Tuition Centre.

Our client has over 25 years’ experience in the education and childcare industry. Having earned a Master’s in Education & Management the owner runs the Centre professionally whilst applying her decades of experience effectively.

The Centre is set in Greater Manchester within a large residential area. This means there is a massive scope with a high concentration of parents with children ranging from nursery age to those studying at college.

The centre runs its practice in line with the Ofsted and government guidelines.

This also means recruitment of staff is carried out with robust checks.  Staff are trained and the constantly assessed for performance. That’s not all, one of the best tools in practice is the app.

A year ago, our client undertook a complete digitalization of the tuition Centre, its resources and operations. The app will now also allow the prospect buyer to benefit from saving 20-40 of hours a month, as the digital system does much of the admin work allowing managers time to focus on their staff, customers, and marketing. 

Equipped with CCTV and combined with the app this will allow the new buyer to track almost all parts of the running business giving them a peace of mind they deserve. 

The Centre also benefitted from offering and charging clients a pick up and drop off service from the mini bus. However, at this time, the service is no longer offered.  Reinstating the service would make a great extra and great marketing tool too!

The location enjoys vibrant qualified young people at university or freshly graduated recruitments enabling the recruitment of the right staff is never a difficult task.

The Centre provides private tuition and childcare. While the client has hundreds of private paying customers. Our client being a registered childcare provider means that they get to benefit from childcare grants and benefits paid by the government.

Our client company has taught over 10,000 children over the decades delivering results that count. There is no contracted term for a parent to adhere to and if after 17 years customers are still rolling in year after year then that’s because the client holds a record of 100% pass rate for the students.

Our client’s company has methods, philosophies and practice that make the tuition programmed work. The formula is an inevitable success.

Due to the no commitment policy the duration of the students may vary but from on average nine months to several years. If marketed and sold in the right manner there is potential to keep your customer from Nursery to A levels.

Furthermore, there is ample opportunity for the new buyers to benefit from the generous childcare grants which in June 2023 were tailed to offering up to £16,000.00 a year for each working family or parents in education (with two or more school aged children) to be spent on childcare grant. At the moment our client cannot benefit from that as tuition centre only open 2.5 days. Should the prospect buyer open up 5 full days then they should be able to scoop that up nicely from working parents.

The business market as a private tuition Centre and weekend/after school Childcare centre, currently providing mainly private   tuition covering Math’s/ English/ Science/ Literature at SATs/ GCSEs & ‘A levels as well also as an Examination Centre for mock Exams as well as childcare centre.  

Adding the nursery practice would only mean additional upgrade form from Ofsted as opposed to the full year long or even longer process.  

Substantial premises.

The building is very large, strongly built, very attractive and clean, modern and well fitted. Plenty of money has been spent on both the building and the resources.

Premises is located in a large Urban Area on a main Road goffering self-promoting marketing.

Google, Trust pilot and Yell reviews

Fantastic Google, Trust pilot and Yell review with thousands of parents rated the Tuition Centre as Extremely Satisfied

Management.

The management of the Childcare & Private Tuition Centre, comprises of the Owner, Office Manager, Staff Manager who manage via a digital app, fully integrated management with the running of the business, which means everything can be tracked remotely if required.  

Staffing.

All staff are part time, loyal and local from the community, with one office staff, ten tutors, five helpers. All staff are part time and work either Saturday, Sunday or Wednesday evening.

Transportation.

The centre did operate a mini bus service but most houses are within walking or a short drive distance. There are bus stops literally outside the centre which give access for parents to come on a bus, straight outside the centre should they wish to do so.

Marketing.

The Childcare & Private Tuition Centre, benefits from excellent marketing, using regular local leaflets, social media, fantastic Google, Trustpilot, and Yell reviews,  superb fully Search Engine Optimized Website, advertisements in local Places, this includes including leisure Centre’s and shops. Above all is the marketing by the finest form of marketing, word of mouth, by the happy parents.

Financial Information.

With the benefit of Government Childcare Grants of up to £15,000 a year for each eligible family, the growth in turnover has risen from 2021-22 of £235,000+ per annum to a turnover in 2022 -2023 of £307,000 per annum all based on two and half days of tuitions a week.

Handover.

The owner is willing to assist the successful purchaser and help them settle in.

Reason for Sale.

After 30 years of being in the industry and a growth rate of 27½% per annum (which due to the grants offering from June 23 will now only get bigger), being a sole owner, the business has grown beyond the capacity of a sole owner.

The owner sees the massive potential for it to grow but does not have the ambition to do it themselves but would like someone else to benefit from it.

The owner is having difficulty dealing with the continued growth rate of and the continued success of the business.

Next Step -To receive further and better information, you will need to fully complete our Confidentiality Agreement form (NDA).

To Register Interest or to seek additional Information, please contact Abercorn Business Sales e-mail: expert@abercornbusinesssales.com or telephone: 0800-246-1313

Commercial Finance:
Abercorn Business Sales are specialists in highly confidential off-market business sales. Should you require commercial finance, we have a panel of leading commercial finance brokers with access to the whole market to enable you to source the best possible terms.

Call today on 0800-246-1313 or email at expert@abercornbusinesssales.com or visit our website www.abercornbusinesssales.com

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