business for sale

Established & Popular College of Higher Education A range of professional certification courses incl

Businesses for Sale

Sale Memorandum

Established & Popular College of Higher Education
A range of professional certification courses including Computer Science & Information Technology, Business Studies, Accountancy and Management


Ref.CC045

Location London , Central London

Asking Price £ 550,000

Confidential offered for sale

Asking price includes:

Trusted and respected international name
Successful range of professional courses
Reputation for high academic standards
Fully equipped learning facilities
5 years of successful operations
Highly qualified teaching staff
Prominently located premises
Established client base
Significant Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

The business is an accredited college, established in 2001 offering high quality further & higher education courses leading to internationally recognised qualifications. Since the college opened, it has grown rapidly and thousands of students have successfully completed their studies, currently numbering approximately 4,000 and progressed to higher studies in British Universities or secured successful careers in a variety of fields. As well as high academic standards and quality of tuition, the college is also noted for its prompt response to education and training developments in the global environment.

The College is truly international and is committed to providing quality educational services to satisfy the educational requirements of students from many countries around the world. Most new students enroll at the college as a result of recommendations made by previous and current students.

Students enjoy and benefit from the international and multi-cultural environment, which contributes to an unforgettable study experience, offering a variety of courses for different qualifications from short certificate courses to long term Diploma and Degree courses leading to MBA.
The College is an educational centre for teaching English, Information Technologies, Business Studies, Accountancy, Management and other academic courses. Students enroll from all over the world and courses are design specifically for students who wish to come to UK or are already here for higher/further studies and better career prospects.
The College has been accredited by many other esteemed organisations like BAC, BCS, ABE, LCCI, CIMA, ACP, ICM, EDI, IMIS, OCR , VA, CTHCM and is on track to become one of the leading educational centres in the private sector offering a broad range of high quality full-time and part-time courses which are widely recognised in academia, commerce and industry.
In recognition of the international profile of its students, and the necessity for them to acquire competent language and communication skills, support English classes are offered to all full-time students free of charge. They are designed to develop and improve written and spoken English language skills as well as a more course specific vocabulary. Students may also use these classes to prepare for an IELTS examination.
LTC College London is a unique centre which combines its talent in technology with that of teaching. Equipped with modern amenities and the support of friendly and qualified teachers and trainers, LTC ensures that you have an enjoyable and valuable experience studying with us. With an aim to satisfy all your educational requirements at reasonable prices, all the syllabi lead to an internationally recognised qualification.
All courses are practically oriented but have a sound theoretical content, enabling students to either go directly into employment on completion of their studies or continue with higher level professional or university programmes. All courses lead to internationally recognised qualifications.
Based in modern, well equipped premises in central London the college is close to all main road arteries, public transport and Tube stations. The location of the college is ideal since it is in close proximity to famous London highlights including the West End, its popular shopping centres and theatres and various places of interest such as St Paul’s Cathedral, The Barbican Centre, the Business Design Centre, Lloyds of London, Bank of England etc. many public libraries and leisure facilities are located within the local area around the college.
The college is accredited by the BAC and as such satisfies the standards laid down by the BAC in respect of premises; general organisation; the quality of teaching and supporting services; including the suitability of courses for the needs of students, the welfare of students and legal and financial security.

A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat customers while continuing to attract new referrals, so much so that certainly within a number of sectors this business is the first college many candidates would think of contacting.

This recruitment business is unique because the management and staff have spent many years in industry and have hands on experience and knowledge of the areas for which they teach. This means they are able to fully understand students’ requirements, which is essential, especially when considering specific areas of expertise and improved prospects for future employment.
Courses offered by the college

English
English courses are designed specifically for international students who wish to come to UK or are already here for further studies and better career prospects and include:

• General English
• Business English
• IELTS
• Cambridge Course (CAE/ FCE/ CPE)

Computer Science
In the computer science and information technology studies, the college has an impressive portfolio of courses with Computing Courses leading to ACP, BCS, ABE Certificates, Diplomas, Advanced Diploma and Degree courses.
The College is also an accredited “Microsoft Certified Partner” that offers specialist exam courses leading to Microsoft certifications (MCSE, MCSA, MCSD, MCAD). In addition to this, CISCO (CCNA, CCNP, CIW), ORACLE (OCP), Sun Micros systems certifications, CompTIA A+ and CompTIA N+ professional courses are also being offered.
The College also offers its own certificate and diploma courses in the areas of basic computing, software programming and graphics and multimedia which are well appreciated by industry.
Courses include:
• Certificate course in Basic Computing
• Certificate course in Advanced Computing
• Certificate course in Web Design
• Certificate course in Java Programming
• Certificate course in Software Programming
• Diploma in Information Technology
• Diploma in Computer Applications
• Diploma in Software Programming
• Diploma in Web Technology & E-commerce
• Diploma in Computer Communications & Networks
• Diploma in Computer Graphics & Multimedia

OCR Courses:
• New Clait (Level1)
• Clait plus (Level 2)
• Clait Advanced (Level 3)
ACP Courses:
• Certificate in Information Technology & Programming
• Diploma in Information Systems Analysis & Design
• Advanced Diploma in Computer Science
BCS Courses:
• Certificate
• Diploma
• Professional Graduate Diploma
ABE Courses:
• ABE Certificate in Business Information Systems
• ABE Diploma in Business Information Systems
• ABE Advanced Diploma in Business Information Systems

Professional Certification Courses:
• ECDL
• MCSA
• MCSE 2000/2003
• MCDBA
• MCSD
• CCNA
• CCNP
• CIW
• OCP
• CompTIA A+
• CompTIA N+
Postgraduate Course
• Post Graduate Diploma in Information Systems
• Post Graduate Diploma in Accounting
• Post Graduate Diploma in Management

Business Studies

ABE Courses:

• ABE Certificate in Business Administration
• ABE Diploma in Business Administration
• ABE Advanced Diploma in Business Administration


Management

Master of Business Administration:

• Master of Business Administration

ABE Course:

• ABE Practitioners Certificate in Human Resource Management
• ABE Practitioners Diploma in Human Resource Management


Accountancy

CIMA Courses:

• Foundation Level (CIMA certificate in Business Accounting)
• Intermediate Level (CIMA Advanced Diploma in Management Accounting)
• Final Level (CIMA Passed Finalist Certificate)
• Integrated CIMA Professional (Foundation, Intermediate & Final Level)

ACCA Professional Scheme

• Part 1
• Part 2
• Part 3
• Integrated ACCA Professional (Part 1, Part 2, Part 3)


CAT (Certified Accounting Technician Scheme)

• Introductory Level
• Intermediate Level
• Advanced Level
• Integrated CAT Professional (Introductory, Intermediate, Advanced)

Postgraduate Course

• Post Graduate Diploma in Accounting


Hotel Management
• CTHCM Diploma in Hotel Management
Travel Tourism

ABE Courses:

• ABE Certificate in Travel, Tourism & Hospitality
• ABE Diploma in Travel, Tourism & Hospitality
• ABE Advanced Diploma in Travel, Tourism & Hospitality

Travel Agency Management

• CTHCM Diploma in Travel Agency Management
• CTHCM Certificate in Travel Agency Management

Virgin Atlantic Air Ticketing

• VA Air Ticketing
Library

The college maintains a moderately equipped reference library and has relationships with other institutional libraries in the area, available for use by students.

Cafeteria

This is the place to have breakfast, lunch, or just snacks and refreshments. Here, students meet and relax with colleagues television. The cafeteria occupies a room on one of the three floors occupied in the building, and amongst other facilities, contains information boards showing college and local activities, including details of various trips/outings available on weekends, either within the UK or Europe.

Accommodation

The college does not have its own halls of residence, but upon request, can arrange accommodation.

Key strengths

The business is an organisation where the business owner has, over time developed and nurtured management and reputationally based client relationships capable of assuming credit for successful business operations, effectively reducing the burden of relationship management and its success from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.

The college is well established and profitable, with a loyal and growing student base, retaining a high level of repeat business, particularly among a number of corporate customers returning on a regular basis and having done so for some time.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, academic excellence and breadth of courses on offer as a clear means of recall for students underpinned by the extra-curricular activities and accreditation.

Growth and Expansion

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Key opportunities

This is an outstanding opportunity to build on the existing services and customer base of this company particularly with development in such areas as on-line and distance learning. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
The business is an excellent opportunity to acquire a significant and proven business in a niche that is difficult to penetrate and destined for growth internationally.

Technology

Fully computerized the business uses the latest software and manages its considerable payroll, credit checking and enrolment database issues efficiently and effectively.
Premises

The business is located in an easily accessible area in central London that includes reception, classrooms, laboratories, library, cafeteria, toilet facilities, storage capacity and administrative offices.
These facilities are currently arranged over three floors of approximately 6,000 sq ft. The vendors currently own the building and a new lease is available for negotiation.
The premises are well appointed and represent the professional qualities and service the company has built its reputation upon.
Advertising and marketing

The business has used direct sales in the past, using a considerable portfolio of brochures and leaflets; there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, back up by its comprehensive website detailing all courses, facilities and services.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, good gross and net profit and has shown rapid and consistent growth over 5 years of trading.
Sales revenue is currently forecast for this current year circa £600,000 per annum and has been more typically in excess of £500,000; the vendor feels that a new owner with new ideas and with continued and aggressive investment in marketing the business could dramatically increase its revenues.
Employees

The business currently employs:
6x Administration staff
15x Lecturing staff
3x Self employed teaching consultants
Support and training

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for sale

The business is for sale as a result of the vendors’ wish to pursue other areas of business interest.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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