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West Rand Private School With Property For Sale

Roodepoort, Gauteng, South Africa
Asking Price:
R15,500,000 Furniture / Fixtures included
Sales Revenue:
R500K - R1.5M
Cash Flow:
R100K - R500K

Like many other schools Covid 19 has had an impact and at present there are 159 kids enrolled.
The school can easily accommodate many more students (i.e. around 350 students) and the owners are in the process of preparing a strategy to achieve this. The school comes with 4 properties, and there are a number of adjacent properties willing to sell thus providing the potential for expansion.
The school is situated in a prime location in a well-established and upmarket residential area and just off many main arterials. The owner has spared no cost in providing a loving and caring environment where pupils are known by their name. It comes with a fully equipped kitchen to provide meals for the pre-primary and after care students, a complete and well-equipped play area for all ages under artificial turf. The school offers netball, dance, cricket and soccer. It has good security, a thriving Facebook page with a very user-friendly website.
This school is registered with the Department of Education and operates from pre-primary to Grade 7. At present 3 of the properties are zoned educational and the 4th property is currently leased to a small high school.
The sellers are asking R15.5 million for the school, the property and its assets.

Property Information

Real Estate:

Real Property Included

Location:

West Rand - Roodepoort

Premises Details:

4 properties measuring 7 288 sq meters

Size in square feet:
7,288
Planning Consent:

Yes - 3 properties zoned educational and 1 property leased to a small high school

Business Operation

Expansion Potential:

Yes

Competition / Market:

There is a government school nearby and 2 other private schools in teh area

Reasons for selling:

The owners are planning to retire

Trading hours:

School hours

Employees:
26
Years established:
1986 with current owners since 2008

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R305,000 - included in the asking price

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