Operating for 18 years this beautifully appointed and profitable Pre-school is looking for a new owner.
The purchase includes the property with the unique benefit of added income streams. (Property has consent for Educational use.)
All licences up to date and registered with the Gauteng Dept. of Education.
Licence is for up to 100 children.
The additional income streams derive from the rental of 4 residential units which are seperate from the school.
Monthly Income...
Pupils 60 x R1 500 = R90 000. (The fees will increase to R1 700 in January.)
Rental Income...
2 bedroom apartment with private garden and pool - R8 500pm. (Owner currently occupies.)
2 bedroom flatlet - R8 500pm.
2 bedroom flatlet - R6 500pm.
1 bedroom flatlet - R5 000pm.
Total Monthly Income: R118 500.
Monthly expenses: R35 000.
Monthly net profit: R83 500.
Selling Price: Reduced to R4,95 million.
The buyer would need to have a minimum of R2,2m available for the business and could take a mortgage on the property.
Reason for Sale: The owners are retiring to the coast.
Further info will only be provided on the signing of an NDA and proof of funds.
