Spain: Well established English School in the south east area of Madrid for sale.
The School has been up and running for the past 4 years and is situated 5 minutes from the local primary school and 10 minutes from the secondary school.
The School itself has 1 main classroom and a secondary smaller classroom. The main classroom could easily be divided into two to help the business reach its full potential. There are also bathroom facilities and an basement storeage area. The School has been registered with the Town Hall, has all the necessary paperwork in order and meets all the necessary fire and safety regulations.
At the moment there are 80 students ranging from 4 years to adult with the possibility of starting another group of students of 3 year olds. The School could cater for 150 without making any changes in terms of current classroom layout
Currently there is only one person running and teaching in the school but it would ideally suit a couple due to the increase in demand and to maximise the school's potential.
We are also selling our 3 bedroomed house with 900 square metres of garden and pool that is 30 minutes away from the school.
In terms of current Income :
The 80 students pay 45 euros/month/student. The one to one classes are paid at 25 euros/hour.
In terms of expenses within the school:
Rent: 400 euros/month.
Electricity/ water: on average 40 euros/month
Insurance and Fire Protection: 20 euros/month
Asking Price: 18,000 euros