Training & Education Providers for sale in Bedford

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UNIQUE SCIENCE EDUCATION OPPORTUNITY RE-LOCATABLE

Bedford, Bedfordshire, England

  • Price: £24,995  Price Reduced arrow_drop_down
Seller Reference: 13397
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Business Description
 
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Seller Reference: 13397
Request Details
Business Description
THE OPPORTUNITY
ETS Corporate are pleased to place on the market this unique science education opportunity. It is relocatable and the Owner is selling due to illness but is prepared to stay on in the business post sale. The business retails Mobile Primary Science Workstations and is the only business of its kind nationally.

LOCATION
The business can be operated from anywhere and is completely re-locatable. It is presently based in Bedfordshire.

BACKGROUND
After 20 years as a Headteacher, Keith Atkins, an Ofsted inspector for both primary and secondary Science and the Chief Marker for KS2 Science decided to retire from his school and set up KLA Education to help primary schools raise the attainment of Science. It was clear at the time, and even more so today, that the future success of the country would be through a Science based economy. Unfortunately, once the government decided to scrap the KS2 Science SATs, due to pressure from overworked Headteachers, standards of primary Science quickly started to decline.

Although the country has some of the leading universities offering Science courses the number of students studying the subject also started to decline. It was obvious that to rectify this they needed to get pupils engaged and enthused with Science at the earliest age possible. This was the reason that KLA Education was set up in 2006. It is also important to know that during this time the EU invested 135M Euros into developing investigative Science in primary schools across Europe. None of that money came to the U.K.

Initially the company offered in-service training to schools as well as Ofsted reviews. This was very successful, but it became very clear, very quickly, that although primary schools were keen to deliver great investigative Science, they did not have the facilities, equipment or planning know-how to do so.

During his time as a Headteacher Keith was seconded by the government for a year to design and develop a new learning environment for secondary Science. The result was the Science Studio, which was equipped with mobile Science workstations. The workstation concept was hugely successful, and he realised that the same product could be used in the primary classroom. He teamed up with Red House Global to have the Mobile Primary Science Workstations (MPSW) made in China and shipped to their base in Bedfordshire. It took a little time to get the design right and at a price that schools would be able to afford. Eventually they had their first shipment of 45 workstations delivered. They advertised and sold the first few very quickly. Unfortunately, just at that time Keith was diagnosed with a heart condition and underwent major heart surgery. The result was that with the operation and recovery time he was out of action for two years and his absence from KLA Education put the company back significantly.

Once back up and running he revamped the website (www.klaeducation.co.uk.), introduced new products and began selling workstations. They have now sold workstations right across the country from Cornwall to Darlington. Many schools have bought more than one workstation with some schools setting up mini Science labs with four workstations.

Whilst the MPSW gives schools the facilities and equipment to carry out investigative Science it was clear that in many cases non-specialist primary teachers did not have the knowledge required to plan and deliver really good Science. So, last year they introduced the ‘Click4Science Teaching Kit’ This contains all the investigations required from Y1 to Y6 and leads pupils through the experiment step by step. Schools are finding the kit invaluable. There is a YouTube video of the product at https://www.youtube.com/watch?v=49CcO54L9pk

Unfortunately, he has now been diagnosed with another health issue and as a result, have decided that he should now seek a buyer for the company who can continue the great work they have begun and also develop further this successful company.
Keith is prepared to stay on after a sale and would consider earn-out or part payments for the company.

PRICING AND COSTS

Knowing how much pressure school budgets were under KLA wanted to sell the workstations at the lowest price possible. No one was paid a salary and there were no premises costs. This meant that they could sell a workstation for £1,200. Initially they decided they would be a non-profit company with any money made going to their charity D.A.P.S., Developing African Primary Science. The purpose of the charity was to put Science workstations into rural African schools. Since then they have raised the price to £1,500 which schools still find very affordable. They have decided that for the next delivery they will retail the workstations at £1,800 giving a gross profit of £1,000 per workstation. Having carried out research with schools they are still happy with this new price. All the schools that have purchased a workstation have been pleasantly surprised by the quality of the product, its size and strength and have been delighted with the value for money. They produce the ‘Click4Science Teaching Kit for £20 and it retails at £145.

The unique selling points of the business are:

• No competition
• A market of 20,000 schools.
• Sale Includes the intellectual property and copyright of M.P.S.V
• A well-established company that has a profile in primary schools as well as a Face book profile.
• A well-developed and interactive web site.
• The copyright and design of the Mobile Primary Science Workstation.
• The copyright and design of the “Click4Science Teaching Kit’.
• Established manufacturer and supply of the workstations.
• A range of marketing products.
• Support and help from the existing team for as long as required.
• The only Company nationally that specialises in giving support to primary schools in regard to science.

MARKETING STRATEGY

The website of the business is www.klaeducation.co.uk. The business has a client base and has used email marketing in the past. As well as a UK market, there is interest from Europe and Africa.

What opportunities are there for the business?

• The potential of the company is huge. If only 10% of primary schools purchase a workstation then the company will generate a turnover of £3.6M with a gross profit of £2M.
• There is also the possibility of an export market.
• The Buyer will also have the support and help of the existing owners to help with a smooth transition.
• This is a great opportunity for the right person to purchase a great company for a very reasonable outlay and the possibility of making a significant profit.
• The government intends to put more funding into schools and also to develop science. This is an ideal product for this market.

TRADING HOURS
The business is operational 24 hours online.

FINANCIAL DETAILS
The business has no turnover at the moment due to illness but has traded in the past. Accounts are attached to this advert.

TENURE
The business is fully re-locatable.

Ref: 13397
Price: £24,995

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Trading hours:
N/a
Number of employees:
0
Support and Training:
Keith is prepared to stay on after a sale and would consider earn out or part payments for the company.
Location Details:
The business can be operated from anywhere and is completely re-locatable. It is presently based in Bedfordshire.
Other Term:
Re-Locatable
Is this business relocatable:
Yes
Is this business home based:
Yes
Listed by:
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