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Sought After Pre-school In Randburg For Sale

Randburg, Gauteng, South Africa
Asking Price:
R9,800,000
Sales Revenue:
R3M - R8M
Cash Flow:
R1.5M - R3M

This school first opened its doors in 1980 and the current owner took over the school operation in 1988. The school was formally purchased by the current owner in 1998 and has been her passion for over 35 years.

It is situated on a large property measuring 4748 m² in the Randburg area. This school is registered and equipped to accommodate 170 children. There are currently 68 children and the number of children is expected to increase especially with many more parents now returning to work instead of working from home.

The school has a heated indoor pool used for swimming classes. It is also rented out to a private swimming school when not in use by the pre-school.
The seller is asking R9.8 million for the property, business and all its assets and equipment.

Property Information

Real Estate:

Real Property Included

Location:

Randburg

Premises Details:

Property measures 4748 m²

Size in square feet:
4748 sq meters

Business Operation

Expansion Potential:

Yes - only 4 of the 6 classrooms are used

Competition / Market:

Yes

Reasons for selling:

Seller has another school and wants to ease into retirement.

Trading hours:

06h30 to 17h30 Monday to Friday

Employees:
12
Years established:
1980

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R500,000