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Listing ID: 3043731

No Rent to Pay, Profitable After School Math Learning Centre, Owner Retiring For Sale

Kerrisdale, Vancouver, British Columbia, Canada

$ 35,000

Revenue: $ under 100k

Cash Flow: $ 0 to 100k

Business Description

Vancouver West Side 24 years established after school math leaning for sale. Owner retiring
1. The Purchaser is to purchase the existing Vancouver west side territory of Ho Math Chess (West of Ontario Street) (The Seller) existing students and materials only (no other assets or any liabilities, or any debts) as a Master Franchisee. The master franchisee can open multiple locations on the Vancouver west side. A 3-year Master Franchisee agreement will be signed between the Purchaser and the Seller to complete the purchase transaction.
2. The students learn the world's first unique math, chess, and puzzles combined workbooks in a fun learning environment.
3. If purchased at $35,000. The Seller will include 1000 sets of Ho Math Chess (each set retail price $15, so the total price is $15,000) which can be sold as a package along with our workbook Learning Chess to Improve Math ($25) in a total price of $35. The selling price also includes two-year franchise fees in the total of $5,000. Real purchase price = $35,000 - $15,000 - $5000 = $15,000
4. No commission, no profits sharing, no minimum fee, no per-student fee or whatever to be paid to the Franchiser.
5. Vancouver west side well established in 1995, brand name after school math learning Centre.
Focusing on teaching children from pe-school to grade 12 math. Self-created brand name
unique teaching materials.
6. No workbook purchase is required. No inventory is required. Buy workbooks in wholesale price and retail them to parents.
7. Business name Ho Math Chess Learning Inc. Its Trademark Ho Math and Chess is registered in Canada, valid until July 7, 2025. Both Ho Math Chess and 何数棋谜 trademarks are registered in China, valid until May 13, 2023.
The Purchaser is authorized to use the trademarked name Ho Math Chess and its Chinese name 何数棋谜 as long as the franchise agreement is in effect.
8. Website: homathchess.com. The Purchaser's business information will be included on the website.
9. Provide free training to teachers.

If you are interested, Please contact us for more details.

Property Details

Years Established:

1995

Other Details

Expansion Potential:

Could set up multiple locations in Vancouver west side.

Operation Details

Employees:

2

Support & Training:

Free training to begin and on going support

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Owner retiriing

Contact this seller

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