Date | Header | Price | ||
---|---|---|---|---|
-- Business-other -- Bangkok and Vicinities
-- Bangkok -- --
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12/05/2006 | Education Institute |
1 000 000 | ||
BKK11668G - This Education Institute in Bangkok acts as a consultancy for intellectually challenged children, and runs full time and part time programmes that are funded by parents. In the last two months receipts of 500,000 baht have yielded profits of 300,000 baht, but results are not consistent, and the owners are seeking a loan of 1,000,000 baht as they feel that they need back up for any contingencies which may arise. The money is needed for 12 months and 10% interest will be paid, with the company itself put up as collateral. Opened in September 2004, the business has been profitable since day one, but has experienced ups and downs due to the nature of the industry. The company started up with no cash reserves, and the owners have found that putting personal income into the venture when shortfalls have to be met causes stress, and they would prefer to have a cash reserve to overcome this problem. The going concern has fully audited financials and this year will accrue receipts of 2,000,000 baht, if current forecasts are met. Excellent media accolades have been received and the business recently featured in a glowing daily newspaper revue. Annual revenue 0 Annual Owner's benefit (earnings before taxes and depreciation) 0 Furniture, Fixtures & Equipment included in the Investment Price 0 Your Total Investment to own this business 1,000,000 Your Initial Cash Investment Needed 1,000,000 Baht ($25,000) Inventory included in the Investment Price 0 | ||||
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