Looking again at the Island TEFL business currently for sale http://www.businessesforsale.com/thai/Bangkok-Established-English-Teaching-TEFL-Business-For-Sale.aspx we feel it's important to confirm to potential buyers that Island TEFL is not an "established" business. It is not a registered company in Thailand and nor does it have any permanent premises. In fact, according to our sources, the current course is being held in a restaurant bar off Soi 8 in Sukhumwit Road. This is typical of the makeshift nature of Island TEFL courses. So please be aware of this hit and miss, ad hoc set up.
In our opinion, the Island TEFL franchise is worth nothing. In fact, rather the converse. Philip Dunne should be paying someone to run his company. What he really needs is a manager permanently resident in Thailand. The reason he can't employ a manager is because he needs to register the company first, and that would be your role as the franchisee. But in view of the importance of what you would be doing, i.e. establishing his company for real, in our view, you would deserve more than mere franchisee status. You would need to be a proper fully fledged partner, with owner's rights, rather than merely being a franchisee who can be terminated almost at whim.
This, of course, is merely our opinion (see Disclaimer), but because of the large sum of money at stake, we do advise extreme caution. Others before have lost five figure sums to Philip Dunne. Again, please also read our ground advice.
Be cautious,
Mark Gilchrist
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