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Listing ID: 545593

Profitable English Language School For Sale

Lisbon, Portugal

€ 149,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: € 100k to 250k

Cash Flow: € 100k to 250k

Business Description

This business will suit you if you have a passion for customer service and/or teaching and want to a profitable, turnkey operation with 250 existing clients in a beautiful part of Portugal. The area is booming with new people moving here all the time. Whilst the accounts are not finalized for 2017 just yet, profit is forecast to increase by 20% for the year. Language teaching is experiencing a huge growth in demand as the economy continues its steady recovery and parents realize the importance of their children having excellent English in order to compete in the job market.

The school is registered with the Ministry of Education and complies with all legal requirements, including disabled access, and clients do not have to pay VAT on their course fees as a result, making course fees affordable. The school has partnerships with the British Council and Cambridge, and is an authorized exam preparation school.

The business was started in the depths of the financial crisis and has blossomed, while two local long standing competitors closed down during the same period. Every year the company grows stronger and income increases. Consumer confidence has now returned in Portugal and signs of the recovery are now very visible. The school currently has three lucrative business contracts with the local water company, the local government and a local Accountant to teach their staff.

It is purpose built with a loyal client base and a large email data base, including all past students and contacts. It has an excellent local reputation in a beautiful part of Portugal and would suit a buyer with a customer service, teaching or marketing background. The company Smart Car is included in the sale. The working hours of the business are very flexible.
Full handover given and the owners can stay on.

Kindly Contact us for more details.

Property Details

Size:

165 M2.

Years Established:

8 Years.

Property Type:

Lease

FF&E:

€ 75,000

Inventory Value:

€ 100,000

Other Details

Business Location:

Double fronted shop, with 3 large classroom and a role-play studio fully prepared for real life situations, including a supermarket, restaurant, café, post office, home life, vets and a hospital.

Premise Details:

Lease.

Competition:

The only registered language school within a very large county and a 40km radius.

Expansion Potential:

Huge potential and branded to franchise in the future to fellow ex-pats looking for a better quality of life abroad and who want their own business. I have recently received an email from a potential franchisee.

Planning Consent:

Fully legal and registered with the Ministry of Education. IVA free business.

Operation Details

Employees:

Currently two full-time teachers (the owners) One full-time admin/receptionist, one part-time cleaner. Currently planning to hire another teacher.

Trading Hours:

Very flexible, currently open 5.5 days per week and owner working hours depends on the number of teachers employed by the owners. The current owners take 8 weeks holiday per year.

Support & Training:

Full handover given.

Miscellaneous

Reason For Selling:

My wife, the owner, wants to enter product development and develop teaching aids for teachers.

Contact this seller

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