Kip McGrath Education Centres Belconnen/Gungahlin - *65% Return on Investment! Highly Profitable with Huge Scope for Expansion!
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For over the past 40 years, Kip McGrath Education Centres have helped hundreds of thousands of children improve their skills in English, reading, writing, comprehension and maths.
The first Kip McGrath Education Centre opened its doors in NSW Australia in 1976. Founded by school teachers Kip and Dug McGrath, that first tutoring centre has grown since then into a global franchise. They currently have over 500 centres internationally.
After 16 extremely successful years, the owners of the Belconnen Centre are now looking to retire, and therefore they have decided to put their much loved business on the market.
This highly profitable tutoring centre has been experiencing a steady increase in turnover each year attributed to the increasing popularity and need for after school and weekend tuition. The centre has consistently grown from originally 70 students to over 400 students attending lessons each week. It now is the largest tuition centre in Canberra and one of the biggest Kip McGrath franchise centres in Australia. In its current location, there is scope to accommodate up to 700 students per week.
The centre is currently located in the Flynn Community Hub. However, there is potential to expand into Gungahlin/North Canberra due to the dramatic population growth in this area which forms part of the large territory that belongs to the franchisee.
SPECIAL CONDITIONS: It is a requirement that prospective purchasers hold a relevant teaching qualification if they intend to teach in the centre themselves.
Sale Price $349,000
*65% Return on Investment is based on the 2018 Financial Year 'Owners Adjusted Annualised Earnings' as calculated from the available Profit & Loss Statement.
The vendor is willing to consider partial Vendor Finance to approved purchasers (TAP)
Some financial institutions may lend up to 50% of the purchase price on franchised businesses to approved purchasers (TAP).
For more information about this exciting opportunity please contact Michael Newham of Finn Franchise Brokers on 0419 263 014 or email firstname.lastname@example.org