This is a ready to run business, just completed by the Franchisor to be the flag ship store in Nicosia, Cyprus. The Franchisor is looking to pass on this established business to an aspiring entrepreneur - operator who can earn money from day 1, sustaining existing business and growing it to it's territory potential. The unique concept store is the ideal business for those who are interested in children's edutainment and is based on the ENGINO innovative technologies. The concept organically merges Entertainment and Education along with Toy Retail, and can bring in revenue from multiple streams making it extremely profitable. The main sources of revenue come from the sales of ENGINO products and selected STEM educational toys, from the teaching of monthly and drop-off after-school workshops on the subjects of STEM, ROBOTICS, SCIENCE LABS and even MAKERSPACE, from the visits of schools at the embedded interactive science and technology theme park, from the running of birthday parties and events that can take place in the playground area, and from the cafeteria - which is at one of the best locations in the area and can grow as a stand alone business with take away and delivery besides the sales accommodated to visiting students and parents. The centre is completely new, took 6 months to built with top-notch materials and one of a kind decoration, and has had a soft launch during November 2023. It is temporary run by the Franchisor but as the priorities of the Franchisor is to continue building more centres in other parts of the world, it has been decided to sell this is a ready franchise to someone who has the capacity to take it over.
- Asking Price:
- €300,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- €250,000
- Cash Flow:
- €80,000
Property Information
- Location:
-
high street location
- Premises Details:
-
This is located in a relatively new commercial building on the ground floor, it has 180 square meters ground area, and 70 mezzanine plus the possibility to extend the cafeteria sitting outside by another 30 square meters. Nearby parking available. All building and operational permits have been filed awaiting issuance.
- Size in square feet:
- 2,500
- Planning Consent:
-
The building is set up and the business is running and all required permits have been applied for, to the KOT for cafeteria, to Fire safety department, to the Planning authorities and in general where its needed
Business Operation
- Expansion Potential:
-
The expansion potential is huge, in 3 directions, one is for the cafeteria to offer delivery and take away and to expand to the outside area and have more sitting for visitors that are not parents. The snack bar license allows even the cooking and delivery of food. The other direction is on-line toy sales as now these are handled by the Franchisor but can be passed to the Franchisee if he/she can manage the pick and pack and delivery. The 3rd direction is to offer the STEM and ROBOTIC teaching services to schools and communities as a mobile service taking the equipment and trainers to the locations where kids are gathered. Simillarly these trainers can perform at houses or other places birthday parties and STEM escape rooms and even corporate training for team building and critical thinking.
- Competition / Market:
-
There is no real competition to the concept as it combines several business under one roof all based on ENGINO proprietary technologies that cannot be copied. Loosely there is some competition on the cafeteria, there are some other ones on the save avenue such as Miguel and Zorba, there is a another simple playground in around 1km, there is no toy store for a big radius and there is no educational centre on robotics nearby even though some other centres such as English schools may run some STEM or Robotic courses which are only generic and cannot compete with the level of specialization that ENGINO exclusively provides.
- Reasons for selling:
-
Franchisor is building them for ready-to-run centres
- Trading hours:
-
9am to 7pm Monday to Saturday
- Employees:
- 4
- Years established:
- 1
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
The standard terms of the franchise, entry fee is included in the sales price, actually the cost to have the business set-up will cost more than what it is for sale and this is compensated by asking 15% royalties for the first 5 years instead of the usual 10%.
Other Information
- Support & training:
-
We offer as Franchisor all training for operation and for teaching.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
50k loan to be paid in 36 monthly instalments interest-free
- Furniture / Fixtures value:
- €200,000 - included in the asking price
- Inventory / Stock value:
- €5,000 - included in the asking price
- Website:
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