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Hong Kong English Playgroup (Chain 5 Centers) For Sale

Hong Kong, Hong Kong
Asking Price:
$480,000 (USD) Inventory / Stock included
Sales Revenue:
$120,000 (USD)
Cash Flow:
$1,500,020,000 (USD)

The company was established in HK over 10 years ago, specializing in English Playgroups for the early childhood (1-3 years old), with a unique methodology of 'Play & Learn' - teaching young children to learn through playing, with stimulating activities and a rich program.

The program was designed based on the founder extensive experience of over 20 years international education experience from Europe, USA and HK. Classes are operated in English. The company brand is well known for its original rich content fun classes that target the development needs of young children and prepares them for pre-school.

The company has contracts and experience working with leading HK clubhouse management companies such as Sino, Hysan, CPML, South Horizons, JSL, ISS EastPoint Property Management Limited, Spotlight Enterprises Ltd and more.

The company has a large stock of toys, accessories and musical instruments, and arts&crafts materials.

Currently there are 5 centres operating weekday mornings. The company has a well designed Website and active Facebook, and has the methodology, toys & accessories and training program to quickly expand into new centres.

Property information

Location:

Wanchai, South Horizons, Discovery Bay, Tung Chung. Main office is in Wanchai, Playgroup classes in Centres around HK

Business Operation

Expansion Potential:

Can expand by adding more classes in each centre and at least 3 more centres per year. With full time teachers can have 10 active centres by the end of 2020 and reach revenues of 350K USD and Profit before tax of 250K USD. (Company tax in HK is low, between 8.25-16%)

Competition / Market:

Other playgroups, but most of them are Chinese, and the English ones have simpler more basic programs

Reasons for selling:

Leaving HK for good in 2021 and cannot run it effectively from overseas

Years established:
2008

Other Information

Support & training:

The seller can provide training to new teachers and to the buyer on the methodology, processes and how to operate, and advise how to open more centres and how to do the social marketing in HK moms forums. The Seller can serve as a consultant for 1-2 years until the transition is smooth and the Buyer is in full control of the operation.

Inventory / Stock value:
$20,000 (USD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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