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Netting owner R1m pa (owner acts as manager only). Preschool 65 Kids Lowmed Y
Long established Pre-school in Durban Southern Suburb (low-med Y) approved for 100 children, although 65 are in attendance (3 months to 6 yrs), that has been successful since the 80's. 4 teachers & a cleaner operate the school on a daily basis under the owner's supervision. School hours are 6h30-17h00. Some meals are provided within the fees and cost structures.
The grounds & building are appropriate, in respect of class rooms, offices, kitchen, ablutions, play area. The property is available at R2.2m & is up for sale with the business. An expense of R22 000 pm is within the expenses before the NP was calculated (to cover a rental option).