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  Innovatus (FET) College  

PROFILE    
Description:    Innovatus FET College was established in 2009 as a result of a life-long dream and passion by the CEO to create revolutionary educational practices. The nature of the business is in private education, more specifically, private further education and training (FET). The owner has 23 years of private education experience, and has a fully functional head office, with four sites in Verulam, Eshowe, Durban and Pretoria. These four sites are all company owned and supported by a fully fledged operational and functional head office.

The average pass rate for Innovatus students ranges between 60 - 70% in the Department of Higher Education’s national exams, with the national pass rate being around 22%! This high quality pass rate is testament alone to the company’s quality and its distinct competitive advantage in the industry.

Although Innovatus is in its fourth year of operation, the company’s management is not new to education. The CEO and various managerial staff have a combined track record of over 50 years in private education and training.

Innovatus FET College is offering franchises for sale. The company is seeking to grow exponentially and is now offering highly motivated entrepreneurs and business owners an opportunity to own one or more of the eighty proposed franchised outlets to be established throughout South Africa.

Innovatus is an accredited member of the Franchise Association of South Africa (FASA), accredited with Umalusi Council and is registered with the Department of Higher Education and Training.

The total investment is R855 000 which includes VAT and R100 000 in working capital.
 

Category:    Education and Training
AVAILABLE LOCATIONS    
General:    80 Opportunities throughout South Africa
FINANCIAL    
Upfront Capital:    R855 000
General:    The total investment is R855 000 which includes VAT and a R100 000 working capital. Monthly turnover varies from campus to campus. However, any new owner should target a minimum of between 120-140 students per year, giving a turnover of over R2 million. Expect to pay R1 million in costs in the first year and obtain R1 million in profits.
OTHER INFORMATION    
Internet Website:   
Other Information:    The College, upon successful student enrolment of 60% of capacity, should have a campus principal and between 3-5 tutors, depending on course mix and local student demand. The campus principal is responsible for overseeing the day to day operations which could comprise of various activities such as staff management, campus management, student enquiries, enrolment, tutoring, receipting, invoicing, class walk-abouts to monitor teaching and learning and interacting with students and parents etc.

The typical campus should also have a reception area, 4 lecture rooms, seating 20 students each and a 20 seater computer laboratory. The overall appearance of the franchised outfit commands an upmarket, modern and quality training facility. We will assist new franchisees in securing leases, all aspects of setting up and equipping premises, along with providing ongoing training. Usually we look for 120 to 200 square metres, dependent on the area, size of market potential, student demand etc.

Monthly turnover varies from campus to campus. However, any new owner should target a minimum of between 120 to 140 students per year, giving a turnover of over R2 million. Expect to pay R1 million in costs in the first year and obtain R1 million in profits. Average monthly turnover is determined by your student enrolment – divided by the number of months they will be studying which could vary between R100 000 and R300 000, based on small to medium sized private colleges.

Owning an Innovatus Franchise has many advantages such as:

  • Tried and tested business system
  • Proven concept in the market place
  • Quality and innovative education
  • Accredited and registered institution
  • Over 40 accredited programmes to choose from
  • Highly respected in the industry
  • Over 50 years combined private education experience
  • Demonstrated and successful track record
This franchise, in terms of product offering and overall costs, is priced very favourably and serves a niche market in the South African context. The Innovatus franchise also offers an opportunity to directly compete with public FET colleges who can only take in a limited number of students each year, with many of these colleges being plagued by issues of non-delivery of textbooks and poor quality in academic programmes.

Education is a boom business in South Africa and will probably stay like that for the next 100 - 150 years!

CONTACT DETAILS    
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Record ID: 1056
This franchisor is not a member of Franchise Opportunities S.A.
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