Established Branded Coaching Institute Looking for Expansion Capital
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Its a well-established group of Education Sector and Food Line Venture for students aspiring for government and private jobs associated with Banking and other competitive exams and Job Entrance Exam for MNCs, etc. The Institute has created its brand value strategically in the period of last six years.
The group mainly has 3 ventures providing services:
1. Coaching classes
2. Study Room facility and
3. Food Services: Provision of high-quality food service to students.
Currently, 1000 students are studying through this institute. Around 150 to 200 students monthly take admissions with these 2 branches:
3 Branches:
1-Navi Peth, Pune: 1 classroom covering 5,000 sq ft with seating capacity of 165 students, Study room facility with capacity of 450.
2-Dange Chowk, PCMC: 1 classroom- 2,500 sq ft - seating capacity of 85 students, Computer lab facility & Study room facility with capacity of 600.
3-Chinchwad station (In progress): 1 classroom- 2,500 sq ft- seating capacity of 100 students, Computer lab facility & Study room facility with capacity of 50.
Headcount: The total staff is of 37 incl. 27 permanent and 10 temporary faculties.
Around 4,000 students will take benefit.
Now, the Promoter is looking to expand to 8 branches with the target of INR 60 Lacs per month in Education and INR 1.3 Cr. per month through the food line services, for which he is looking for Investment of around INR 70 Lacs.
Further details and business plan for the project can be discussed in the meeting.
Reason
The promoter wants to expand this to reach the untouched regions and sections by opening 8 branches.
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