Summary
Medical and Dentistry schools in Australia, NZ and the UK share similar competitive entry requirements. We have developed a system of online tuition with video lectures and individualised lessons.
Revenue
$60,600 pa
Expenses
$32,100 pa
Net Profit
$28,500 pa
Location Details
All the products and services are moderated online, with target audience including Australians, New Zealanders and UK students, and students applying internationally.
Potential
This business is completely online and hence is very scalable. It has a reputable reputation with tutors experienced with the content, hence no knowledge of the medical/dentistry school admission system is needed. There are almost 100 video lectures, with an extensive question bank and discounted affiliation with popular question bank providers, efficient learning management systems and experienced tutors. There are different tier packages and also standalone products with great profit margins.
Skills
No knowledge about medical/dentistry school admission system required. The tutors run lessons themselves and no input is needed. Relevant skills can include further marketing and paid advertisement.
Hours
Fifteen minutes of bookkeeping per week; this can be outsourced as well.
Employees
Up to seven tutors in total that cover the various services provided.
Reason for Sale
I built this business shortly after getting into medical school with very high marks. However, I will soon graduate and begin full-time work as a doctor. I am looking to get a fair payout to support myself while I redirect my time on research and other upskilling related to my career. Furthermore, we have great resources which can be of good service to future prospect medical students and hence it would be great for this business to continue.
About the Business
This business is completely online and targets 2 main timelines: the UCAT exam, sat in July, and medical/dentistry interviews, which are usually around late November/December but can carry into the early part of the following year.
The business has almost 100 video lectures covering both the UCAT and Interviews. Access to these are offered as a standalone product. In addition to this, there are combination packages which includes online teaching time, access to question banks (either in-house or through affiliated discounts with leading question bank providers, such as Medify and UCATReady), learning management system and daily QnA support.
The hybrid form of this business, functioning like a university course, makes it unique from other businesses in the industry which typically do not offer as much teaching time nor have systems built to provide daily QnA and accountability.
The clients include premedical and predentistry schools applying to Australian, New Zealand and UK medical and dentistry schools.
This is a great investment because it is already a functional business that can be scaled and benefit from increased marketting.
History
This business was began after I got into medical school and teamed up with my own mentor due to my experience in running a separate tutoring business. Since 2022, we have consistently had classes of students and increased our bank of resources progressively.We gain students through both word of mouth and social media posts.
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