Summary
Work at home in the hours you wish to, while the system operates in the background & clients pay in advance. Newly developed CPD Training Portal has been operating for 6 months with great growth potential, as the owner/ developer has been presented with a new lifestyle agricultural opportunity.
Give me more informationBusiness Description
Clients are attracted to the Portal as an avenue to obtaining compulsory CPD Points required in their profession and pay per course that they decide to download.
The business development over 9 months, provides the Purchaser with:
> an excellent interactive on-line portal linked to a pay process
> 14 certified courses (with another 4 that could be completed with the Seller) & the process for producing such courses & obtaining their accreditation.
> a database of 10 000 of the approximate 300 000 potential professionals that should be interested in the business's offerings.
> relationships with professionals & roleplayers re - courses, content, linkages
> CPD automated point systems & process for noting & uploading completed courses & registering such with the respective Authority.
In a nutshell, automated & inter-active systems & processes, that reduces owner time in direct dealings/admin, as well as, making the process of obtaining CPD points seamless for the professional/client.
How does the business operate on a daily basis?
Maintenance : check daily that all systems are operating automatically & seamlessly
Development : enlarge database & send marketing emails out; work on new courses; etc
Finance : quick check to ensure monies paid over from portal pay system to bank & matches courses purchased.
A purchaser with no other staff, should spend at least 3 hours a day 5 days a week to develop leads & build the Co profile on the portal, Linkedin, databases, while maybe advancing new partnerships of courses, course development, & overseeing of automated client payments & CPD alloctaions.
After new courses have been developed, either alone or with other professionals, then the accreditation letter with
a reference number is obtained from the respective Authority and linked to the CPD points allocated for the course.
Are there up-to-date Management Accounts available?
Some of the later lower results have been as a result of a lack of involvement in the business by the seller due to a physical move & entering a new Agricultural lifestyle-venture. An attentive owner will easily get back to the past mid-achievements.
Only MA's are available with the Bank statements indicating Income received from course purchases.
Expenses shown are at a higher cost than present; to facilitate a new owners future growth.
Luckily, the initial/past developmental costs were expended by the owner/developer ALL for the purchaser's benefit.
The Report turnover of R425k with a NP of R290k, is based on the worst-case scenario, including having higher expenses (than present) to provide for growth, a much higher turnover & NP, as was earned when the seller was fully involved.
How could the profitability of the business be improved?
Utilize Linkedin & Facebook groups more.
What is the total staff complement?
Premises Detail
What are the main assets of the business?
From hereon, the new owner can continue with course development (or pay others for such content where linkages exist), database growth & marketing activities, while the system will bring in the money in the background,
What is the reason for the sale?
Why is this a good business?
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