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English School for Sale

English school in Laureles for sale. I’ve received a couple of job offers and will be returning to the states in a couple of months. I am selling the school and all assets. The school is located in Laureles on calle 35 just south of the Don Quijote glorieta. This is a great part of town, with everything close. It has everything Poblado has but doesn’t cost as much.

The school currently has 40 students, and brings in about 2,500,000 per month. I just started the school in October, but have all the financial spreadsheets to show profit and costs. Besides the extensive advertising I have done, I’m also starting to get quite a few referalls from friends of students, so there is definitely room to increase the number of students.

The house is a little over 1500 sqft. With 3 bedrooms, 2 full bathrooms, living room, dining room, kitchen, 2 car garage, and washroom. It is fully furnished. I would rather sell everything as a package deal, but will sell separately if I don’t receive legitimate offers. Furnishings include: 29�? flat screen tv, queen size bed and mattress only 4 months old, dining room set, living room set, microwave, fridge, stove/oven, washing machine, all dishes, cordless phone with answering machine.

School assets include:
3 sets of English books (Interchange, Standout, Everyday English)
13 CDs of conversation lessons
Desktop computer (monitor is new, tower is 4 yrs. old but works great with all office software)
15 levels worth of workbooks, vocabulary, and activities
List of 192 people that have called to express interest in classes
List of 4000 emails of people in Medellin collected from the website
Hundreds of printed lessons
15,000 unused flyers
2�? by 1.5�? multicolor advertisement in 2008 yellow pages
Year long subscription ad in paginas amarillas.com
Fully functional website: www.elmundo-del-ingles.com
Basically, a ready to go business in a great part of town.

***Please only serious bidders and people with some experience teaching English. More information upon request. Email me at elmundo-del-ingles at hotmail.com or through the website.

Photos available at: www.elmundo-del-ingles.com/school_for_sale.html

I own the house and would consider selling it as well, but will probably just rent it out to keep it as an investment property.

By jh816 on Feb 12, 2008, 08:17 in Friendly Talkzone.

vicshere says on Feb 12, 2008, 09:25:

asking price??

listo

ConorC says on Feb 12, 2008, 09:52:

How many teachers do you have on the books?

jh816 says on Feb 12, 2008, 10:02:

I'm teaching about 28 hours a week, and have another teacher working another 12 hours a week. Classes are between 5-7 students.

Asking price is negotiable depending on whether you want everything inside the house or just the school. It will probably come down to the highest bid standing in the month of March. For bidding, keep in mind: actual students paying 2.5 million now, full year yellow pages ad cost 4 million, database of 192 interested people that have called within the last 3 months (from radio advertising), plus all other assets and advertising.

The place next door is asking 1,400,000 for rent. I will probably ask 1,150,000 per month. The garage can also be used for a small store, as it is right on calle 35 just sourth of the ochenta.

borat says on Feb 12, 2008, 11:01:

Medellin 1975, where are you working in Medellin, I'm also a qualified teacher with 2 years experience and have just arrived/started working in bogota and would be interested in what's available in Medellin, regards

what you believe is not important, it's what you do that counts

jh816 says on Feb 12, 2008, 11:40:

I pay the other professor 15,000 per hour. The contract is for prestacion de servicios, hence no social sec. or bonus. I'm paying 225,000 in utilities for high speed internet, cable, elec. and water. The yellow pages advertising is paid, so it is an asset, as mentioned above.

As for your other phony expenses, whether you pay visa renewals or a daily maid has nothing to do with the business side of the offer now does it.

You make 2.7 million a month after expenses. Please. You forget, I know who you are and I know you are not making that much money medellin1975.

esanch36 says on Feb 12, 2008, 12:24:

2 years experience, your american and only making 2.7 mill....do you teach at a institute or do you teach at a school?

All right, I'll ask: How come it took three seconds to euthanize Eight Belles, but the Womens NBA is starting Year 12???

dwr says on Feb 12, 2008, 15:33:

Sounds like alot of work for 2,700,000.

mranderson says on Feb 12, 2008, 16:54:

Medellin1975- I don't have a TEFL but I have about a year of experience. If you have an overflow and can send some classes my way!

Do you give private lessons at your home?

That's really great that you made those contacts. It's something that I would like to do but only with 3 or 4 students to a class. As you stated above that's how you make good money.

60.000 /hr is awsome!

jh816 says on Feb 12, 2008, 17:36:

Hmmmmm, if you are such a great english teacher Medellin1975, why are you posting on this board 2 weeks ago trying to find a school for your kids??????

Don't believe his chit folks. I know the guy. But I do agree with him. Buyer beware. ALWAYS. Look, its a good deal for someone who wants a good business and decent (verifiable) income. But anyone interested obviously needs to do there own analysis to see if it works for them.

POST WRITTEN BY MEDELLIN1975 ON JAN 31:
Hello

I want to put my son (12 yrs) and niece (10) in classes of English. They speak some English already but need help with grammer and pronunciation. (Mon-Wed-Fri)

Thank you

By Medellin1975 on 2008-01-31 06:50:15 in Friendly Talkzone.

jh816 says on Feb 12, 2008, 17:55:

Or you can just post bulls**t on PBH and get stoned all day, right Medellin1975. Read his other posts. Talks a lot of chit.

RAAAY says on Feb 12, 2008, 17:59:

lol.............weeeeeeeeeee

.

.

.........Its useless to argue with ignorance

jonas says on Feb 12, 2008, 18:09:

Medellin1975 I am not a native speaker myself but...
you say: "You don't need a TEFL to teach private conversation classes. Respectable English schools that have been in business awhile, hire teachers with TEFL's and PAY decent salaries . But there are teachers I know that don't have a TEFL , but have years of teaching experience and get away with it."

now how does "TEFL's" go in there? I will pay you 60k/hour to teach me that! So much to "you get what you pay for"

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

jonas says on Feb 12, 2008, 18:16:

he sure didn´t leave that tail between some paisa legs jeje

msaucey says on Feb 12, 2008, 18:25:

WOW, it's like reading a tennis match.... It's a good thing we are following the rules?

The trouble about trying to make yourself stupider than you really are is that you very often succeed. - CS Lewis

jonas says on Feb 12, 2008, 18:33:

hmm so I do understand correctly that the plural of TEFL is TEFL´s??? here goes my 60k and someone´s great experience as an English teacher...

Let the games begin

tejasmarcos says on Feb 12, 2008, 18:44:

the canadian fight a few weeks ago was better, Pepea vs. ManinRed.....

my glass is getting shorter on whiskey, ice and water...

billyb says on Feb 12, 2008, 18:54:

jajaja, what is it about posts having to do with the dollar/peso exchange rate and teaching english in Colombia that brings out so much bad blood?

billyb says on Feb 12, 2008, 18:56:

"Now if you are working in a school, you should be able to teach grammer,"

1975, you should also be able to spell GRAMMAR, there goes another 60k down the drain, jaja.

gringoloid says on Feb 12, 2008, 18:56:

or billy, how about tipping?

vicshere says on Feb 12, 2008, 18:56:

I asked a simple question and cant find the answer in all the above comments.
What is the asking price?
Or better
What are the asking prices for your different options?

listo

jonas says on Feb 12, 2008, 18:58:

OK gueys so can I give you my account number now?

jonas says on Feb 12, 2008, 19:10:

no jodas!

billyb says on Feb 12, 2008, 19:17:

GL, that's it, I was trying to remember the third one that brought it out. What is it about those subjects? They seem non-contreversial enough.

billyb says on Feb 12, 2008, 19:19:

1975, jaja,sticky key.

jonas says on Feb 12, 2008, 19:23:

hey, maybe he will earn more than 15k (excuse me, it´s COP) an hour when he gets back to the US where he belongs...

jonas says on Feb 12, 2008, 19:26:

OK let´s no fug around anymore, give us a pricetag

vicshere says on Feb 12, 2008, 19:34:

come on guys let the man speak i am serious

listo

gringoloid says on Feb 12, 2008, 19:41:

i'll give you a thousand dollars for it.

jonas says on Feb 12, 2008, 19:43:

my GF took some english classes and she is offering 1000 en efectivo and she will throw in some free grammar lessons for 1975

gringoloid says on Feb 12, 2008, 19:44:

i'll tell you what, i'll throw in another twenty grand if you include the house.

jonas says on Feb 12, 2008, 19:45:

what? You mean mañana the man is going to sell us some chinese school?

vicshere says on Feb 12, 2008, 19:56:

you guys are making fun...i am serious and so is the OP...lets give him some space

listo

billyb says on Feb 12, 2008, 19:57:

Vic, it might just be easier to send him a PM at this rate.

gringoloid says on Feb 12, 2008, 20:04:

vic...no,I'm serious.....lately I see a guy who wants to rent a room in his apt in the red light district for about 900 bucks a month. some other guy wants to teach english for $60K cop an hour. I can't remember some of the others, but I know there is a lot more.

why do people think I moved to colombia for? to pay these kinds of prices?

actually, I'm afraid to ask this guy how much he wants for this school, which looks like some supplies, an old computer, some books, and 40 students.

i'll bet he is thinking in the neighborhood of twenty grand, without the house.

i think people are going nuts around here.

jonas says on Feb 12, 2008, 20:09:

gringo, I never said I want to teach English for 60k, I am no teacher. I was just wondering how a guy selling an English School not knowing how to fugin write in English would go about selling his place. Just my 2pence

gringoloid says on Feb 12, 2008, 20:12:

jonas, i agree with you.

Medellin Traveler says on Feb 12, 2008, 20:12:

I believe Colombiano Americano charges about $125 USD per course, something like 4 hours, one day a week, for like six weeks. Don't quote me on this.

Medellin es una chimba! www.medellintraveler.com

jonas says on Feb 12, 2008, 20:15:

I only asked the Schoolmaster to explain something I grammatically did not understand to explain it to me. And I offered 60k for that. ((Plural of TOEFL is TOEFL´s????)) fogg I am going to teach guarani tomorrow!

gringoloid says on Feb 12, 2008, 20:16:

no, jonas, i was referring to another thread where a guy says he should charge double for going to someones home to teach english.

i take spanish lessons at wonderful school for about $15.000 per hour. 6 hours of this is home schooling.

jonas says on Feb 12, 2008, 20:19:

lucky me, I get them for free from my wonderful GF

jh816 says on Feb 13, 2008, 05:51:

Wow, some people have a lot of free time. I won't waste my time with the children on the board. I'm a certified teacher with more than 5 years experience here and in the US, and have a master's in business. It's a quality school, and I'd put my students up against any other school any day of the week and twice on Sunday.

Anyone interested can look through my financial statements and verify them with an accountant and the students.

Vic, as mentioned I will probably go with the higher bidder standing around the end of March or April. I've taught in a few of the other schools here in Medellin and plan on offering the school to some of my teacher friends as well. A six-month rental contract, the lowest I could accept, for the house would save me the trouble of finding a tenant but not compensate me for the value of the school. Discounting the school's assets and income for a present value with conservative numbers gives you a value of at least 5,000,000.

vicshere says on Feb 13, 2008, 05:54:

cool....... how about posting some pics of the school outside and inside...you web site doesnt have any pics...or did i miss them?

listo

jh816 says on Feb 13, 2008, 06:27:

pics are at http://www.elmundo-del-ingles.com/school_for_sale.html

wendell13 says on Feb 13, 2008, 06:32:

I think a good idea, jh816, would be to start a charity offering used books to Colombian students. And then getting donations from the US. Then taking a cut of the donations for management. Oh, wait a minute. You already tried that. What was the name of your charity, again?

vicshere says on Feb 13, 2008, 06:51:

3 sets of English books (Interchange, Standout, Everyday English)300,000
13 CDs of conversation lessons if original 300,000
Desktop computer (monitor is new, tower is 4 yrs. old but works great with all office software)200,000
15 levels worth of workbooks, vocabulary, and activities 200,000
List of 192 people that have called to express interest in classes 100,000
List of 4000 emails of people in Medellin collected from the website 200,000
Hundreds of printed lessons 200,000
15,000 unused flyers nil
1.5" by 1.5" multicolor ad in yellow pages
Year long ad in paginas amarillas.com 300,000
Toatl 1,800,000
I think your asking price is a little high try half to start sorry man

listo

gringoloid says on Feb 13, 2008, 07:00:

the key here is the rental of the house, how much, or roughly how much rent are you asking? i don't care much about the school, but i am looking for a rental in MDE.

I don't know vic......this maybe a pretty fair asking price, ....i thought he would be asking for thousands more.

RAAAY says on Feb 13, 2008, 07:22:

5,000,000 to buy a job........maybe with potential.........seems reasonable............maybe Medellin1975 is interested.........

.........Its useless to argue with ignorance

gringoloid says on Feb 13, 2008, 07:34:

If you want to teach english, you can get everything you need here for $20.

http://www.esl-library.com/index.cfm?pageid=108

But in my case, I could solve my immigration problems with this business and at a very low price. I don't care how many students show up, if any.

jh, I may be out there to see you, but it all depends on the house.

gringoloid says on Feb 13, 2008, 07:48:

med1975, i realize your opinion is a little biased, and i don't know what happened between you two, but how much is his house worth? how much is the rent?

i'm not looking for a job or some big business, or even any income. DAS is on my back about my business visa as I have no business.

After sleeping on this, if jh has a legitimate business license i could buy for that low price, then i could solve my visa problems.

jonas says on Feb 13, 2008, 08:14:

gringoloid how long have you been on your business visa?

ujay says on Feb 13, 2008, 08:15:

all his life -----

www.unionjackedfilms.com

RAAAY says on Feb 13, 2008, 08:16:

Gringoloid............ask that attorney friend of yours if you were added on to my corp as a shareholder.......would that solve your visa issue...............then I could sell you a share for $1..........or ....shit......$50,000........pm me it could help you out.....

Med1975........all is polished up and ready.

.........Its useless to argue with ignorance

gringoloid says on Feb 13, 2008, 08:26:

jonas......about one year. my lawyer who doesn't speak english called yesterday and told me DAS wants to interview me about my visa. i have to go over to his office in about an hour. Everyone i'm dealing with does not speak english and that is making things difficult for me.

The real problem is my home in California is unsellable, ....the real estate market has crashed. After a year, not even a bite. I was going to use this money to start everything.

I don't want to get deported and I don't want to break any laws whatsoever. So you see the dilemma.

All I need is some legal business to get DAS and DIAN off my back.....I don't care if it makes any money.

gringoloid says on Feb 13, 2008, 08:28:

Raaay, I'll bring that up today, but I think that is an investment visa which I've heard I cannot get now because I've had a business visa for more than 6 months. thanks, dude

mranderson says on Feb 13, 2008, 08:31:

Gringoloid, if you buy the school I'll work there for 20.000 per hour. :)

gringoloid says on Feb 13, 2008, 08:31:

Med1975.....did I meet you when I was in Medellin a couple of weeks ago? you know, at the party.

msaucey says on Feb 13, 2008, 08:42:

Good Luck GL.....

The trouble about trying to make yourself stupider than you really are is that you very often succeed. - CS Lewis

gringoloid says on Feb 13, 2008, 08:50:

mranderson.....i've met you and think highly of your qualifications.....therefore, i would like to make you an offer to be my Director of Library Services and sicario. :)

gringoloid says on Feb 13, 2008, 08:56:

msaucey.....thanks, but i wish you ladies had taken care of me when i lived in california. i, as an old fart came here for penile stimulation and i don't want any coitus interruptus.

mranderson says on Feb 13, 2008, 08:57:

Sweet!

pedro says on Feb 13, 2008, 09:13:

G-loid, hope the visa thing is an easy fix. I started a new thread this morning to discuss that question. Please stop in and post on it when you get a moment.

I've never heard of someone not being able to switch from a business visa to another visa. Come to think of it, never heard of DAS hassling someone for more info on a business visa (not that I have a whole lot of experience...).

Are you sure your lawyer is not just looking for complications to bill you extra? Not sure what kind of relationship you have with the lawyer, so don't take that the wrong way if he/she is trustworthy. There are some Colombian lawyers who would do that kind of shit without a second thought.

que nota!

msaucey says on Feb 13, 2008, 09:14:

Well, don't worry, not planning on interrupting... Besides, you've seen my babypic, our paths in California probably wouldn't have crossed... That's the way the world works...

The trouble about trying to make yourself stupider than you really are is that you very often succeed. - CS Lewis

jh816 says on Feb 13, 2008, 11:36:

Gringoloid, not sure I can help you. It seems that you are not really interested in teaching or the students, but only about solving the visa issues. I've also got to think about the students as well. I can't just sell the place to someone and screw the students. I've got a couple of offers from teacher friends to rent the place and cash out some of the assets, but am looking for a better deal.

If you're genuinely interested in teaching, and have some experience. Contact me. I have all the financial documents and have paid all IVA up to date to show DAS.

gringoloid says on Feb 13, 2008, 16:00:

if i was to do something like this, i would hire the teachers. My personality is not one that can be regimented or have schedules. plus, i travel too much too work a steady job. I provide the tools, employess provide the magic.

msaucey says on Feb 13, 2008, 16:56:

GL, how did it go?

The trouble about trying to make yourself stupider than you really are is that you very often succeed. - CS Lewis

gringoloid says on Feb 13, 2008, 17:44:

msauce....first i want to thank the OP for bringing up this thread as i have been putting off dealing with this problem for too long. as a result of this thread i went in to face the music.

it went good, and i posted on a thread by pedro what happened. but i still won't know until tuesday when i see the accountant. he's actually the one that signs the documents and then i take that to DAS.

thanks for your concern.......and i'm sure huskie will be relieved that i won't be returning to the states anytime soon.

gringoloid says on Feb 13, 2008, 18:14:

medellin 1975......yea, you were right. thanks.

mranderson says on Feb 15, 2008, 07:59:

JH816

What english books do you have and do you have teacher's editions?? I'm interested in buying books or copies of books. Also lessons, activites, and conversations.

jh816 says on Feb 15, 2008, 15:23:

I use the Stand Out series of books, but I've got copies of the Interchange and Everyday English series for the students to study outside of class. These I would have to keep to sell with the school.

However, I do have 157 lessons (grammar, people and places, everyday dialogues, etc) in PDF format and 38 audio lessons that I could sell.

caligula says on Feb 15, 2008, 15:29:

Caveat emptor... This entire string is an absolute waste of my precious time..

mranderson says on Feb 15, 2008, 18:33:

jh816

Are they teacher's editions or student books? I know a good place to make copies of books with spiral bound and covers for about 20 or 30 thousand pesos.

Maybe we can work out a deal where I can get them copied?

mranderson says on Feb 16, 2008, 16:10:

Medellin Traveler says on Feb 16, 2008, 18:17:

Anyone use Pimsluer English to teach students in Medellin?

My novia is greatly improving her English speaking skills after listening to the lessos, but she has no clue as to what she is saying, just kidding.

Medellin es una chimba! www.medellintraveler.com

Chelesupercono says on Feb 17, 2008, 09:27:

My offer is 8,000,000 firm with the house...

never go to bed with someone crazier then you are, you will do it and you will regret it.......

jh816 says on Feb 18, 2008, 04:00:

Sorry, this isn't Ebay. No bidding until you've actually seen the place.

mranderson says on Feb 18, 2008, 08:10:

jh816

I've sent 2 emails to you about buying some material. Perhaps you didn't get them?

jh816 says on Feb 18, 2008, 11:39:

mranderson,
sent you an email. I've got the teacher's edition to the first interchange book but not the cd's. I don't usually use them in class, but just have them for the students to study outside of class for another perspective. There are a few places close to the school that you could make copies.

caligula says on Feb 18, 2008, 18:03:

This whole string sounds like a loada crap!!!! Was born at night....P.S. RAAY lLOVED YOUR DESCRIPTION!!! Fuckn´ Fairy dust lmao!!!!!

jh816 says on Feb 19, 2008, 10:42:

Guess your time isn't so "precious" as to "waste" it on posting your two cents though