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Profitable Pre-school With Property In Germiston For Sale

Germiston, Gauteng, South Africa
Asking Price:
R11,000,000 Furniture / Fixtures included
Sales Revenue:
R7,600,000
Cash Flow:
R3,600,000

This highly successful Pre-School is situated in a lovely suburb in Germiston and has been operating for over 25 years.

The number of children currently registered is around 300.

They offer:

Baby section (6 weeks – 24 months),
Toddler section (2 – 5 years),
Grade R (6 years),
After care (for children attending Primary School),
Various extra mural activities,
Reports (3 times per year),
Balanced menu,
Operating hours : 06:30 – 18:00 (Monday to Friday),
Access control to property,
CCTV monitoring,
Registered with all the required educational departments.

Financial Info:

Annual Turnover - R7,6m.
Asset value – R2,5m (includes 4 vehicles for transporting children.)
Staff - total of 30 including teachers, cook, cleaner, drivers and Manager.
Annual Net Profits – around R3,6m.
Selling price – R11 million.  (School R7,2 million + 2 Properties – R3,8m. )

Property Information

Real Estate:

Real Property Included

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Owner is retiring.

Trading hours:

Monday - Friday: 6.30am-6pm.

Employees:
30
Years established:
25

Other Information

Support & training:

Full handover. Has qualified staff and a Principal.

Financing available:

No.

Furniture / Fixtures value:
R2,500,000 - included in the asking price