English School for Sale

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

asking price??

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

How many teachers do you have on the books?

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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.

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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

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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.

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

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

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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!

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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.

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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.

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

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


.




.

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

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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

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

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

trying to walk a straight line on sour mash and cheap wine...

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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?

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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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.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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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?

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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.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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

1975, jaja,sticky key.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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

come on guys let the man speak i am serious

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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

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

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

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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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.

Discover Medellin, Antioquia - Colombia www.medellintraveler.com

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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.

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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?

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

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

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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?

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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

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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

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

all his life -----

http://www.jukelightning.com

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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

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

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

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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

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

Sweet!

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pedro (☼Travelguide writer) says on Feb 13, 2008, 09:13:

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

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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.

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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

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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.

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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.

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

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

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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?

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

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?

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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.

Discover Medellin, Antioquia - Colombia www.medellintraveler.com

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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.......

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

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

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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?

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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.

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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!!!!!

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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

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