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Our company is a profitable training academy in Mahim (W) in Mumbai, set up in June 2010 which caters to the Banking and Financial Services industry. We train graduates, post graduates and fresh MBAs and place them in reputed organisations on their payroll at attractive salaries. The business is in the skill development space. There is demand both from the young population of graduates, post graduates and fresh MBAs as well as from employers who save a substantial amount when they hire trained people. There is also scope to add more domain areas and thereby cater to a wider audience as well as expand geographically since the demand for trained people is across the country. Franchises can also be added to this business. There is also an opportunity to add e-learning to the existing model which can help make it a hybrid model classroom and e-learning. The academy space of 600 Sqft is on lease and license agreement. Rent amount: ₹ 39000 per month. Over 1000 students trained from the institute. Each batch has around 15 students with 3-4 batches running at a time. 3 Full-time employees/trainers and 6 trainers on contract basis. There are 3 directors in the business of which are 2 full-time. Revenue 2013-14: ₹ 54 Lacs. Profit: 26%. Asking Price: 4 times the revenue.
Reason
Constrained for capital for growth
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