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Private School With Property In Johannesburg East For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R19,000,000
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

The school was established in 1991 and operated as a primary school until 2004 when the current owner established a high school. This school is registered with the GDE, IEB, and ISASA. This school prides itself on its 100% pass rate on the IEB standard.

The school currently has some around 215 pupils in 25 class rooms. It employs 24 Academic staff and 6 other staff and is situated on approximately 7,500 square meters.

The sellers are asking R19 million for the business operation, its assests as well as the property.

Property Information

Real Estate:

Real Property Included

Location:

Eastern Side of Johannesburg

Premises Details:

Situated on approximately 7,500 square meters, there are 25 classrooms with a large hall.

Size in square feet:
7500 sq meters
Planning Consent:

Yes - also have plans to expand the school.

Business Operation

Expansion Potential:

There are properties next to the school that can be bought to expand the size of the school

Competition / Market:

Yes

Reasons for selling:

The sellers wife has cancer and although in remission.

Trading hours:

7h00 to 16h00

Employees:
24 and 6 other personnel.
Years established:
1991

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R935,000
Inventory / Stock value:
R50,000