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Amazing Pre And Preparatory School In Lonehill For Sale

Lonehill, Gauteng, South Africa
Asking Price:
R10,500,000 Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R1.5M - R3M

This amazing pre and preparatory school is located in the Lonehill area and is stiuated on 2 adjacent properties measuring 4200m². The school is in a boomed off area which is a big safety and security factor for parents. The school is registered as an ECD and was established in 2013 by the current owner.

Preparatory/primary and 120 in the preschool). Currently here are 78 payig children enrolled after the owner terminated over 30 non-paying parents contracts.

The school and properties are owned as 2 separate entities (i.e. the school is a registered CC and the properties are in a registered (Pty) Ltd company).

The seller is asking R10,5 million for the school operation, its assets and the properties. The seller will ask for proof of funds before a viewing or any financial information is provided.

Property Information

Real Estate:

Real Property Included

Location:

Lonehill Area

Premises Details:

Two properties measuring 4200m².

Size in square feet:
4200 sq meters
Planning Consent:

yes

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Yes

Competition / Market:

Yes

Reasons for selling:

The seller would like to pursue her other passion in the educational space

Trading hours:

06h30 to 17h00

Employees:
22
Years established:
2013

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R350,000
Inventory / Stock value:
R50,000 - included in the asking price