Business Opportunity An opportunity exists to purchase the business and assets of a private English language school.
 
The purchase will be executed at the earliest opportunity. All interested parties will be requested to sign a non-disclosure agreement and specifically deal with the proposed Joint Administrators.
 
Business Overview The company was incorporated in 2004 and provides English language courses to foreign students. The business operates in the North of England. The Company employs 20 administrative and teaching staff. Enrolled student numbers of approximately 130.
 
Recent Financial Information
Profit & Loss
Period ended November 2015:
- Turnover:             2,501,530
- Gross Profit:        1,665,310
- Net Profit             (323,157)
 
Period ended November 2014
- Turnover:             3,377,657
- Gross Profit:        2,332,167
- Net Profit:            (36,654)
 
Premises 
The premises are currently occupied by way of a formal lease until September 2020.
 
Assets Available for Sale 
- Goodwill
- IPR
- Work-In Progress
- Office/Educational Furnishings and IT Equipment
 
Deadline for Offers
All expressions of interest or formal offers for the business as a whole to be received no later than 12 noon on Friday 16th December 2016. All offers should be supported by proof of funding. A purchaser must be able to complete immediately.