Asking price: £300,000

Sales revenue: £378,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established in 2001, this business is one of the UK’s leading independently owned Business Colleges. The business operates in the fields of Accounting, Business Studies, Computing and IT, Health & Social Studies, Travel, Tourism and Hospitality, MBA, Language and other Adult Courses.
Student numbers vary from around 180 in the quietest part of the year, up to circa 500 in peak months. The college has become increasingly popular with students from Africa, India, Pakistan, Bangladesh and China. The business prides itself on providing an open, friendly and multi-cultural atmosphere. Students have the opportunity to select from a wide range of courses and disciplines providing different pathways to acquiring qualifications and training. Schedules include extended hours in the evening and at weekends, providing additional support and flexible access to learning resources. This is a highly successful business with a superb reputation in the marketplace; a good training record with excellent growth and expansion prospects.

Years established: 8

Employees: There are 10 full time staff employed in the following positions: 2 Directors, Head of Business Administration Department, Senior Lecturer, Lecturer Business Law, Head of Computing and IT Department, 3 Senior Lecturers; Head of Health & Social Care NVQ, Head of Health & Social Care HND/BA, Head of Languages Department, Admissions Officer, Head of Accounts Department. Most members of staff are long-serving.

Trading hours: Monday to Friday, 9.00am- 6.00pm.

Property: Leasehold

Lease terms
Original Length 5 years Years remaining 3 years Rent £14,000 per annum Rates £3,140 per annum

Location
The college is located in Bedfordshire; enabling students to benefit from a wide range of public amenities such as the Library which is situated a few metres away from the college. The college is also accessible to public transport systems i.e. Buses and trains.

Expansion potential
There is unlimited potential within this business. The expansion possibilities are endless due to the fact that the company’s structure is such that it can accommodate growth by adding courses and catering existing courses to the current economic situation. The opportunity is ripe for a new owner to broaden the products further by introducing new courses and expanding by attracting students from further areas the world.

Reasons for selling
Having operated the business since 2001, the shareholders wish to follow other business interests. Our clients feel that the business requires an experienced investor/purchaser to develop and grow the business further. The operation directors can remain in the business subject to purchaser approval to help with the handover.