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This well-established, independently private Pre-Primary School/Exclusive Baby/Aftercare Centre is situated in Gauteng and was established more than 30 years ago. It caters a “One-stop” learning Centre for children between 3 months to 6 years old. This Centre is well-known in the community and surrounding suburbs for their high standards based on best practices and for raising the pre-school benchmark in the geografical they operated.
Its aim and core focus is to provide excellent and affordable education around childhood development with solid values and principles in place. The extensive curriculum enables them to offer a “home-from-home” environment to encapsulate, embrace and recognisise cultural diversity to pursue great opportunities for development and for learning. The curriculum is creative and topic based and the children excel in different ways.
The After Care Division renders a supervision service to learners from the surrounding primary schools and is designed to assist school going children for ages 7 years to 13 years with homework, study time and methods and extra project work. A daily routine is followed to instill good study habits. Transport is also provided for learners from the primary schools to the Centre.
The centre on offer has the following features :
* Formal educational program introduced from the 12 months group onwards
* Total of 30 staff with the working owner as a fulltime principal
* Fully equipped, registered, Council approved
* The two adjacent properties have thirteen individual classes currently with about 300 children
and numbers are increasing to full capacity after the corona-19 lockdown .
* The Centre full capacity is 380.
* Classes according to the relevant age groups to comply with the correct ratio allocations.
* All relevant assets in order to run a smooth and an effective day care centre.
* The centre has grown by virtue over the years to be an exceptional care and education facility.
* Offers plenty of additional extra-mural activities
* Safe and secure environment for children.
The Centre caters for 2 meals a day from a well equipped kitchen and following strict hygiene/Corona-19 standards as well as security. Cctv cameras record each classroom and play ground for additional protection. Graduation year-end functions are a well reheased ceremony to prepare children for the next stage in their educational development and growth.
The current Owner manage this well-known Centre for twelve years and grown this lucrative Centre into a profitable operation. The reason for the owner wanting to sale is that she wants to retire. The Owner/Principle is involved with the managerial operations on a day-to-day basis with a total staff complement of 30 which are very compotent and loyal and are fully trained in all aspects of the day-to-day operations of the Centre.
Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation) based on historical trading amounts to an average of R2,464,000 per annum for the two financial years 2019 and 2020. This offers a ROI of 25.9%.
Included in the price of R9,500,000 (No VAT applicable), is Movable Assets valued at reasonable 2nd hand at R2,865,000 (Including 4 x vehicle vans for transporting children) and a wide range of Food & Consumables, Hygiene & Cleaning Stock, Stationery, etc. at cost of about R540,000.
Full financials available to serious buyers.
The Centre operates from two adjacent properties and has 13 equipped class rooms for the different age groups, two TV rooms, a modern equipped kitchen, sleeping rooms, various bathrooms & toilets as well two swimming pools, etc. The various outside play areas for the different age groups, are also well equipped with modern apparatus and equipment to keep the children busy at all times.
Also available is the one Property (premises 1609 sqm with a double storey) for R1,750,000 plus VAT (if applicable) over and above the selling price of the business Centre for R9,500,000. The market related rental payable for the other adjacent Property, must be negotiated with the Owner. The calculated EBPITD figure for R2,464,000 stated above, includes market related rentals under “0perating expenses” for the two properties.
The business is being sold as a going concern and the Owner will ensure adequate training and assistance for one months after take-over.
This Centre coming into the market offers an exceptional business opportunity to become the new Owner and enjoy an educational centre with a sound cash flow. If you are passionate about Pre-Primary education – this is the profitably business opportunity awaiting for you to be considered and to grab.
Real Property Included
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