Due to ill health this is priced for a quick sale. In addition, the owner (who has lived and worked here for the last 12 years) will remain in the area offering the potential buyer support, training and advice.
Teaching children (80 in total) from seven to seventeen years and adults. The school is well located near to local primary & high schools and currently has around 80 students plus an external contract teaching English lunchtimes in a state primary school, furthering adding to the profitability of the business. There are 3 classrooms, and a toilet, all on the ground floor, total space is approx. 50 square meters. The opening times are from 5pm to 8pm.
The monthly rent is very reasonable with an ongoing rental contract easily transferable. With teachers in place, it is also possible to run the business without the owner being present at all opening times and still maintain a healthy profit margin.
The price includes all fixtures and vast collection of resources. The school opens late afternoon and closes early evening, and operates for about 10 months, from mid-September to mid-June. There is ample opportunity to expand the business by offering summer courses or additional languages. All the necessary permits and insurances are in place.
For the past 8 years we have also been taking students to the UK for summer educational trips, which the buyer will receive full information on how this is run. This is a very profitable part of our business, we take a very small group of 5 to 6 kids, normally in July.
Some teaching/TEFL experience would be useful but not essential. A TEFL qualification can be easily and cheaply obtained via an online course. However, for lower levels a good command of the English language is all that is required without necessarily having qualifications. Spanish language skills would be helpful but not absolutely necessary.
The school has a well designed website which is also included. The owners can also provide introductions to English speaking lawyers, accountants and a local online web design/marketing company that has helped in the past. Help with relocation can also be offered.
Current monthly turnover is approx. 3,500 euros. There are 2 part time teachers (each receive about 4-500 euros/mth) plus the owner who also teaches. Previous years turnover has been better, but current figures are due to ill health and owners other business commitments. The ongoing monthly rent is approx. 400 euros, no lease.
The business would suit a husband and wife team. Current teachers will be leaving in June 2018 but we'd help to find new teachers if required, and has never been a problem in the past.
Asking Price 27,500 euros