About this Business for Sale
Profitable School in the North
Background of The Business
•Established in 2000
•Term of lease: 25 years, renewable (19 years remaining)
- can be extended to 50 years depending on the property investment.
- rent escalation: 2% per annum
•Leased area: 6,458 sqm with free space of 2,000+ sqm for building expansion or dormitory for local and foreign students;
• The School has provision for expansion to accommodate more students.
•The school has 600+ students for SY 2021-2022
•The school has a capacity of 1,700 students
TUITION FEES AND MISCELLANEOUS FEES
Ranging from Php 35,000 to Php 40,000 depending on the course per semester. The School was incorporated as non-stock, non-profit educational institution in 2000. Its primary purpose is to establish Tertiary/College, vocational institution for local or international students based on SBMA, and/or dependents of foreign diplomatic personnel, expatriates and Filipinos. It also offers pre-school to senior high school education. It is strategically located in Subic Bay Freeport Zone. As non-stock, non-profit educational institution, it enjoys tax incentives – exempted from taxes and duties for all revenues and assets directly and exclusively used for educational purposes.
NUMBER OF STUDENTS IN EACH PROGRAM
Pre COVID students is more or less 1000+, during COVID 600 to 700 students if they are going to operate the School at a maximum capacity it can accommodate 1,700 students. There is an expected increase of enrollees due economic growth and parents that lost jobs have jobs and Memorandum of Agreement entered into by the School and a foreign government in 2019 to enroll in the school to accommodate its citizens who want and are able to study in the Philippines. Details of it will be further disclosed upon formal expression of interest.
Benefits of Owning the Business
•Established school - 21 years old
•Profitable
•Long-term lease with competitive rate
•Strategic location
Your Details
Confidentiality Agreement for Business OR00599
Between LINK and * (Interested Party) this must be an individual's name, NOT a company name
In consideration of LINK (being any or all of LINK Business Broking Phil. Inc. and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by LINK and specifically Listing ID No OR00498. I/We hereby agree and undertake as follows:
To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party.
Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by LINK;
Not to make an approach to the Vendor of any business disclosed to me by LINK, or the business' staff, customers or suppliers without prior arrangement with LINK and to refer all queries through LINK;
We acknowledge that LINK is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.
If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to LINK Business Broking Phil. Inc. as the case may be;
If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify LINK against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
That all information is received for no other purpose than the evaluation of the investment potential of the business;
If I decide not to proceed with the investment, I agree to immediately return to LINK all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and each email response to the other or their representative will constitute offer and acceptance, and satisfy the requirements of the Electronic Commerce Act of 2000.
Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser
seeks legal advice.
may or may need to seek technical or other advice and information.
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