Established in 2015.
The business has seen strong growth particularly with its online offering (turnover has grown fivefold since acquisition in 2018).
Due to the pandemic, the business changed its model from physical classroom based learning to online learning, and specifically grew a new market. The online model has enjoyed significant success and it is envisioned that this online teaching business revenue can scale dramatically over the coming years.
Now that travel has resumed, the business has received a large increase in bookings and sales for summer of 2022, the academic year of 22/23, and minitrips for 2023. This is on top of an increase in demand for both physical and online classes.
Opportunities also exist to provide a ‘blended learning’ experience for customers between online and with a physical on-location.
Based on current sales, the business has a projected turnover of €280,000 (approx) to year end Aug ‘22. With the turnover, and margins, the future owner could expect to have a salaried position from day one of €50k p.a.
Pricing: The business has not increased prices in a number of years, so there would be scope to increase and still be in line with competitor’s pricing.
While the business now operates primarily online it continues to have a physical element which operates from a central City (not Dublin) location (1,500 sq. ft. space with classrooms, office, kitchenette, bathrooms, and reception area). The future buyer could maintain a physical element if they so choose and also grow this offering.
The business has established partnerships and relationships with senior management contacts in a number of educational institutions in Spain and Germany - these have taken a long time to establish and would act as a great 'springboard' to obtain other leads / grow this side of the business further.
The sale will include training and information on the business and systems in place, as well as introduction to the staff and clients. The current owner may consider remaining on for a transitionary period.
Reason For Sale: the owner is selling due to family reasons.
As the business is a Sole Trader, there are no accounts available. The owner will provide documentary evidence in terms of sales.