Pending Sale Spanish School In Managua Nicaragua For Sale

Business description

Spanish language school located in the heart of the capitol of Nicaragua, Managua. The school is by far the most successful language school in the country. Found on the first page of all of the major search engines and established contacts with all of the embassies, NGO operations and missionary groups, we are well-known as a provider of quality Spanish-language training. This business includes the building, the business, 8-10 employees and a well-established reputation and clientele. The reason for the sale is that the owner will be moving back to his native country in 2012.

Property information

Real Estate:

Real Property Included

Location:

The school is located just a few blocks from Metrocentro shopping mall in the capital of Nicaragua, Managua. Very centrally located.

Premises details:

The building has 8 classrooms, patio, 2 restrooms, two online class-booths for Skype classes, kitchen, reception area and front porch. It was remodeled in 2007.

Business Operation

Expansion potential:

The only limitation on growth is the size of the location. However, it would be relatively easy to purchase one of the neighboring homes for expansion.

Competition / Market:

There is only one known Spanish language school in the capital, this school. The mainstream tourists go to Granada or San Juan Del Sur. This school concentrates primarily on NGO and missionary groups, or people working and living in Managua. There is a steady stream of students.

Reasons for selling:

Owner moving back to USA

Trading hours:

8-8 Mon-Fri

Employees:

11

Years established:

8

Other information

Support & training:

The current owner would stay on for a negotiated length of time for proper training.

Financing available:

Cash-out sale because owner will be relocating. Note that the price is set for fast sale. The price is solid. Please do not ask for a discount on price. Real estate and business are included in the price.

Furniture / Fixtures value:

$4,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)

Relocatable:

This business can be relocated.