Language School - Cash Sale Or Phased Buyout
Location Estonia
Asking Price Range < $250K
Gross Revenues $30000
Net Profit / Cash Flow $25000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Possible.
Reason for Sale Moving.
Description The freehold (outright purchase - 100% ownership) price of ƒ,ª115,000 + audit and legal fees is valid from 15 March to 15 May 2006, and includes the licensed Ministry of Education school registration (renewal due in December 2009) which entitles students to deduct tuition fees from their income tax.
The property comprises self-contained, purpose-built commercial premises (converted from residential premises with local authority approval and planning permission in 2001) requiring minimal running expenditure and approved by the Health and Safety Inspectorate (2001 and 2004) as required for licensing by the Ministry of Education:
2 x classrooms c/w essential equipment.
1) large - measuring 4.7x5.5m + reading corner or office space of 2.35x1.20m, e.g. for a desk and photocopier; c/w television, video, whiteboard and approved lighting, tables (fitted desks) and chairs for 10 - 12 adults (14 at a push) + teacher; telephone and broadband Internet access.
2) small - measuring 4.7x3.5; houses computer and office equipment; c/w large table and chairs, whiteboard and approved lighting for 8-10 adults (12 at an uncomfortable push) + teacher; telephone and broadband Internet access.
3) storage room (2.05x2.70m) adjacent to smaller classroom.
4) entrance hall - 1.3x2.8m - secure, metal entrance door.
5) toilet and hand basin - 1.2x1.6 - clean and functional.
6) nook - 1.6x0.9.
7) self-contained, lockable storage space in the basement - ~2x2m.
Contact for more information on this Language School business for sale.
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