Recession Proof RTO (1230)
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This is possibly (probably) the best buy RIGHT now. Amid a world of uncertainty, this is unque, viable & growing right now& defintely for the future. Focus is on training in the unemployed space.
About the Business
This year the goal is 4000 students and they are certainly on track to deliver this number.
2021 sees 8000 students registered providing revenue of $6M!
2020FY will see a net profit of $1.2M (end of February was $820k).
Enquiries are up
Enrolments are up
Completions are up
End user satisfaction is up
And…… Profits are up
The RTO delivers training online so in these CRAZY times, there will be no cessation of delivery. One fortunate scenario of higher unemployment will be more people gaining assistance in re-skilling, up-skilling and cross-skilling. This is where this RTO plays.
They are partnered with job network providers, including Job Active, Disability Support, WorkCover, Transition to Work, and others. There programs are also approved for delivery through the Department of Human Services.
The online delivery is catering to multiple languages and support staff also speak the most common languages. This means a high level of comfort from the student and thus higher satisfaction. The job network providers absolutely LOVE the system as they can actively check progress and in simple terms – it makes their job easier. Multilingual training certainly makes market penetration easier and more accessible.
The Learning Management System (LMS) is proprietary software and adding qualifications to the LMS is certainly not onerous or troublesome meaning regardless of student numbers, compliance is monitored constantly and as the business is HIGHLY systemised allowing for rapid scalability.
Current scope includes:
Certificate II & IIIi n Customer Engagement
Certificate III in Business
Certificate IV in Leadership and Management
Certificate III in Cleaning Operations
Certificate II & III in Retail Services
Certificate II & III in Warehousing Operations
Certificate III in Driving Operations
Disability and Individual Support.
To date, business has solely been in Victoria and organically grown Nationally. However, moving into other states has now commenced bringing exciting and profitable results with a staff ROI of 20 times salary for each staff member!
There is a strong team in place and a management team to continue delivering the results. There is very little competition in this space and another area where this RTO is supreme is assisting with links to job placement.
This is a growing RTO in a distinguished market. It does all the small things right to ensure the bigger picture is achieved. In today’s uncertain environment, this is a risk-adverse purchase with incredible up side.
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