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ESL school owners profits & more?


TheWind
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Hey everyone, 

 

I've seen some topics on here about setting up schools, but nothing about the actual numbers. So, to do this I'm just going to list a bunch of questions, and any that are answered  I will be grateful for  :P 

 

1. I've read the minimum for a  WFOE is 100,000 RMB, but I'm not exactly sure how much room or land that buys for a business. (I know housing in China is far more expensive than in America)

 

2. When should I expect a return on my business? 1 year, 3, 5, 10? ( I know there are variables that play into this)

 

3. I've read that people who own schools don't actually make that much - any truth behind this?

 

4. For a legal business to exist in China, what kind of expenses should I expect to pay? Off the top of my head I can think of:  employee salaries, rent, insurance, taxes, &  materials used in the class/school

 

 

These are all the questions that come to mind at the moment, but if you have any information dealing with cashflow (coming in or out) then I'd really like to know about it. Sources are a big help too.

 

Thanks

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