·   2 yrs Erf (no Edutrust yet)

·   Very established 

·   In city outskirt 

·   Have a dozen courses 

·   Have Certificates & Diploma 

·   GST registered 

·   Revenue >$1mil 

·   Breakeven 

·   Have 10-13 staff (mainly full time)
Biz Value $880k

 

·   The premise ~ 2200sft 

·   It’s a leasehold 

·   Going rental is $11.5k pm 

·   Renovated & equip valued $100k 

Sale price is $3.88mil 

 

Buyer gets 4 main matters
a.   The company
b.   The business     $880k
c.   The School
d.   The property      $3.88mil

The advantages this deal 
*  Can apply for Edutrust
*  Can easily get 4-yr ERF on renewal 

The property is owned by the Company; it allows for  
* Easy transaction
* getting Bank loans are easier & cheaper than biz loan; much better than seeking sleeping partner.
A likely budget of $2-3mil should be enough to buy both the business & property
And U may get after sale support 
And U can immediately try Edutrust after putting the house in order
 
The advantage for Realty under Company,
* easy transfer & shareholding 
* enables Gst tax reclaim
* easier & cheaper loan
* Need not shift to another place as the property is yours
* The reno & assets is worth $50-150k)