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Pre School In Durban Western Suburb For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R1,600,000 Furniture / Fixtures included
Sales Revenue:
R2,740,000
Cash Flow:
R870,000

Owner NP of R870 000 pa off a turnover of R2.74m, with every expense covered, 6 teachers & 4 supporting staff, for 58 kids in 5 classrooms & licensed to 85 children; numbers have risen from 50 as COVID is diminishing & new sign-in's expected through this year.
The premises are owned by the Seller, with a charge of R16 667 pm within the expenses & would be available to purchase at R2.1m. Some 1 800m2 of land, plus a converted brick house & out buildings, wooden rooms, playground & parking - all in good condition & suited to a pre-primary school, situated on a quiet road, in a high income Suburb West of Durban.

Property Information

Real Estate:

Lease

Planning Consent:

Yes for 85 children

Business Operation

Reasons for selling:

Retiring in area

Years established:
29 yrs

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