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30-Years Education Centre

S$6,900,000

Enquiry

Call now for discussions

+65 6356 9138

Description

A well established, profitable and well-run learning and education centre is for sale. With the recent major and drastic changes on the Enhanced Registration Framework (ERF), as set out under the Private Education Act and the Private Education Regulations which spells out the mandatory registration requirements and legislative obligations which all PEIs, operating in and from Singapore, must meet, this industry has become a hard-to-enter business. This centre has achieved most of the certification that any education centre would like to have.

1. EduTrust. The EduTrust Certification Scheme (EduTrust) is a voluntary quality assurance scheme. While the EduTrust Certification Scheme is voluntary, it is one of the prerequisites which PEIs that enrol international students must meet to qualify for the issue of Student Passes, as stipulated by the Immigration and Checkpoints Authority (ICA). The scheme assesses a PEI’s academic and financial processes, school governance and administration, quality management, and the protection and welfare of students through fee protection, management of recruitment agents and provision of student support services. In order to be certified, a PEI needs to demonstrate it has achieved minimum level of performance in these areas.

2. Council for Private Education (CPE). Established under the Private Education Act, the Council for Private Education (CPE) is a statutory board sanctioned with the legislative power to regulate the private education sector. In addition to its role as the sectoral regulator of private education institutions (PEIs), the CPE facilitates capability development efforts to uplift standards in the local private education industry.

3. WSQ Award from WDA.

4. Overseas Partnership (South East Asia) to customised course curriculum, administer examinations and certification systems.

5. Appointed by 2 renowned Universities in England to run degree programs. This is an extremely rare and highly coveted business to own !

6. Skillsfuture

Price

S$6,900,000

Location

Central

Revenue

S$5,200,000

Net Profit

S$1,400,000

Company Type

Private Limited

GST Registered

Yes

Years In Business

Since 1985

Why Did We Set Up

Education is Forever

Owners Role

Managing

Owners Background

Businessperson

Our Achievement

Highly recommended by graduates

Our Customer

Companies in WSQ, skillsfuture and oversea students in academic classes

Our Competitor

None in the area

Manager

2

Full-Time

8

Part-Time

0

Premise Size

6000 sf

Lease Term

3 + 3 years

Rental

S$16,000

Trading Hours

9am - 6pm

Relocatable

Yes

Reasons For Selling

To pass on to the next capable owner

Cash For Expansion

Minimal

Back Up Cash

Minimal

Staff Staying

Yes

Training By Owner

Yes

Expansion Potential

Plenty