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A profitable Competitive Exam Institute in Pune is looking to get acquired by a big player for aggressive expansion. The institute has its head office in Swargate and 2 franchise centres in Yerwada and Chinchwad. The business started a little less than 2 years back with an investment of Rs. 3 Lacs only and has grown big quickly. Currently there are 2100 students enrolled and 12-13 faculty members. Last year’s turnover was Rs. 70 Lacs. Areas of each institute: Head Office – 1500 Sqft; Centre 1: 800 Sqft and Centre 2: 1500 Sqft. Rent Amount for H/O: Rs. 60,000. The promoters are very well experienced in this industry and wish to expand the business to more than 20 centres in India. The promoters are looking for: (1) 100% acquisition or (2) JV with a company from education industry. The promoters wish to remain as the part of the business even after acquisition / JV. Asking Price for complete acquisition: Rs. 5.48 Cr.
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Expansion at National level. Even after Sale, promoters will wish to continue working with the organization.
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