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Training Franchise In Cambridge - Exceptional Business Opportunity For Sale

Cambridge, Cambridgeshire
Asking Price:
£55,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£100K - £200K
Cash Flow:
Under £50K

The Franchise territory covers Cambridge and all areas within postcodes CB1-CB9 as well as CB21-CB25 (inclusive). This is a large and affluent area with a population of approximately 400k people, and growing!

The franchise is on sale as a going concern for £55k.

Cambridge is an exciting and vibrant place to live and work with several renowned colleges and universities on your doorstep as well as a thriving Science Park. There is sustained investment in the development of Cambridge and the surrounding commercial areas and thus Cambridge is maintaining its identity as a modern, active and exciting place to do business in. There is great potential for business growth in the provision of training services in Cambridge and surrounding areas and the market for both private and corporate clients is potentially very large. The city council’s Local Plan has ambitious development plans for the city in the coming years, with 14,000 additional homes and 22,000 additional jobs set to be created by 2031.

The Training Centre is located on St Andrews Street in the heart of Cambridge, opposite the Grand Arcade shopping centre. It is surrounded by the main retail, commercial and business district. It is within a short walking distance of the Universities, shopping district, main bus station, and the Cambridge railway station.

Good transport links (including the Park and Ride services) and the ample paid for car parking facilities around the city centre make it easily accessible for all our students. Pitman Cambridge also benefits from one dedicated parking slot within the Centre building car park itself for the business owner.

The Cambridge centre was established 14 years ago and benefits from a lot of repeat business. The centre displays all the latest branding material and has been tastefully appointed. It is well signposted form street level and benefits from a steady flow of ‘walk-ins’.

At present there are 8 student workstations with PCs and 2 staff workstations with PCs. All training material is delivered digitally from Pitman Campus– an online virtual campus to allow our students even more flexibility to access their training.

The Main Business of Pitman Cambridge is to provision more than 350 professional training courses from the Pitman range. These courses cover Secretarial, Specialist Secretarial, Sage, Accounting and Finance, Microsoft Office, General Office Skills, Management and Business, IT Technical, Web Design and Self and Career Development to our students through in-centre and online study methods. We also provide a variety of courses to make our students more confident with everything from social media to events management.

Pitman Cambridge is also an approved examination centre for specific exams conducted by AAT, AMSPAR, BCS, City & Guilds, CIM, FDIS, IAB, Kryterion, and Microsoft (MOS). E-Assessments form approximately 20% of the annual turnover and this sector continues to grow steadily.

The Client base is split 70:30 between the private sector and the corporate sector and the business is currently benefitting from approximately 50 - 60 course enquiries a month. We also run specific open days with signposting at street level which attracts additional prospects. We have provided training for several reputable organisations, including Cambridge University and the NHS, and as the business has gained more recognition in the area, repeat business from both the public and corporate sector has steadily grown over recent years.

The Investment
The business is offered as a going concern and will include a new 5 year franchise agreement, all fixtures, fittings and IT equipment as well as the client database, numerous e-shot templates and Facebook and Twitter pages with their subscribers.

The decision to sell the Cambridge Centre has been taken reluctantly and has been driven as a result of change in personal circumstances.

VAT may be applicable depending on the terms of the sale.

Summary of benefits
• A franchise of a very respectable name in training, established for over 180 years and known all over the world
• A training centre located in the heart of Cambridge, a vibrant and affluent location with a growing population
• One of the oldest running Pitman franchises
• Clean, professional and well branded centre accessible from everywhere in the franchise territory
• A new and innovative training delivery portal, Pitman Campus, allowing maximum flexibility for full time and part time workers and people with other commitments
• Hugely popular approved exam centre for several examining bodies

Property information

Location:

2nd floor location with entrance on the high street - St Andrews Street, right in the heart of the city centre. Right opposite the Grand Arcade shopping centre

Premises Details:

320 sq ft training centre with separate sales/manager office.

Size in square feet:
320

Business Operation

Reasons for selling:

Relocating with partner.

Trading hours:

9:30-5:00 Mon, Tue, Thu and Fri
9:00-8:00 Wed
9:30-5:00 Alternate Saturdays

Employees:
1 FT and 1 PT + Business owner
Years established:
Franchisor has been in existence for over 180 years. The Cambridge centre has been in operation for over 10 years and in the hands of the current owner for over 4 years.

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

5 year lease

Other Information

Support & training:

As we are part of an international franchise, the franchisor will offer an induction, training and support throughout. The existing business owner will also provide a handover Action Plan and existing client databases.

Furniture / Fixtures value:
£9,000 - included in the asking price
Inventory / Stock value:
£1,000 - included in the asking price
Website:
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Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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