business for sale

Leading Community Learning & Training Provider

Businesses for Sale

Sale Memorandum

Leading Community Learning & Training Provider


Ref.CC047

Location London,East London

Asking Price £450,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
<>
Asking price includes:

Reputation for honesty, reliability and responsibility
Leading Learning and Training organisation
Extensive Advertising and Marketing Database
Huge opportunities and expansion capabilities
Six years of successful operations
Wide range of products and services
Extensive investment in technology
Un patented technical know-how
Excellent opportunity to grow
Training and handover
Informative Website
Excellent reputation
Goodwill

Business profile:

This company was established in October 2000 as a community learning and training provider in East London. The main purpose of the organisation is to widen participation, encourage learning and training, assist in the progression towards employment and up-skilling,

Young people living in the area and other local residents have sustainable training programmes available to them that would not previously have been accessible due to to the lack of provision addressing basic Skills needs and poor academic achievenemts in this deprived area.

This company can now equipt local residents with the skills necessary for them to work towards improving their quality of life and social status.

Information, Advice and Guidance is an integral part of the business’ service structure, from which they sign-post, refer and guide beneficiaries, into training, education and emplyment. Employability training which includes CV prearation, interview techniques, job searching and one day short courses such as First Aid and Foundation Food Hygeine helping beneficiaries develop skills and qualifications within a short timescale enabling them to feel they have progressed quickly. This year their employability training programme has helped 17 people gain employment.

With a solid foundation based on experience and expertise from which to offer training solutions, this business provides the best value and maximum returns from investments in people and systems.

Customer Service:

The company’s success to date is mainly due to the excellent staff and team effort provided to all students throughout their courses. This business has had over 1000 students who have enrolled on learn direct courses since it’s establishment, many local unemployed people were supported through courses in IT, Basic skills in English language and personal development.

Key Strengths:

Recognising that long-term success depends on commitment to student’s requirements, the sheer breadth and depth of the number of courses provided, This organisation is dedicated to community members improving their lives and social status through learning and training and to guarantee continuous commitment to the disadvantaged across all communities. This business has introduced a totally new concept that recognises the learning and training is a blend of approaches, which takes the best from instructor led and supportive guidance.

Business Hours:

Monday to Friday 9.30 am – 5.30 pm

Growth and Expansion:

The business is one of the leading operators of its kind in the UK. It has achieved exceptional growth over recent years with the ability to provide multiple services and products to the local community.

The potential buyer could generate extra revenue by expanding the online learning services, and to take into consideration the opportunities the 2012 Olympics will bring to the local community.

The business’s aim for the future is to develop further initiatives and opportunities for the community and to expand their partnership working with other local providers and networks.
Location:

The business operates from an old town hall building in East London, which is rent-free.

Security:

The town hall is secured by an alarm on the building.
Advertising and Marketing:

The company currently advertises in ‘Select2learn’ and it’s informative website supports the services it supplies. The majority of new business is generated from client referrals, bearing strong testimony to the business’s excellent reputation.
Financial profile:
The business is being offered for sale on a going concern basis. All financial discussions will take place friectly between the vendor and all interested parties under auspices of Turner Butler.

Current turnover for the organisation is £300,000 pending tenders. The company is a non profit organisation, however ‘select2learn’ is profit making with a gross profit of £60,000.
Employees:

The business currently employs seven full time staff, consisting of 1 Training Co-ordinator, 1 Tutor Assessor, 1 Progression Link-worker, 1 Receptionist, 1 Personnel and Finance Officer, 1 Director of Training and 1 Director of Development. There are also 5 part time members of staff, 2 child care workers, 1 IT Technician and 1 Cleaner.
Support and Training

The owner is willing to support, train and handover to the successful purchaser which should take no longer than two months.
Reason for Sale:

This is a strategic decision by our client to hand over to the successful purchaser to take the business to the next level.
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

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

[back to businesses for sale] [return to top]