Creche & Primary School with Properties

Price : R 8,515,000
Listing Type : Other Education
Location : Johannesburg
Ref No. : 2883
No. of employees : 17
Trading Hours : School hours
Turnover : R 174 919 pm
Cost of Sales : R 24 780 pm
Expenses : R 96 567 pm
Net Profit : R 53 571 pm
Asset Value : R 3 837 320

This is an excellent opportunity to purchase two businesses (including properties) in the education sector. The owner is retiring and selling her well run and growing businesses creche and primary school, both located within the same area and easily manageable between the two.

Creche – Well established creche based on a historical property that was built as a creche in 1949. The business currently has more than 120 students with capacity for up to 140. This is one of the biggest creches in the area with only a few smaller competitors. The business is fully compliant and registered with the department of education and is CAPS certified. The creche is currently owner operated with a team of ECD educators, assistants, secretary and cleaners. The creche focuses on preparing its students for primary school through school reediness programmes. The creche has a separate baby care facility and also provides aftercare services as an additional channel of revenue. The creche includes meals for its students as part of the fee structure. The property is well maintained, on a large corner stand, has had its wiring and plumbing redone, includes an installed water filtration system and generator and has outside prefab classrooms available for expansion.

Primary School – The business was started to accommodate students from the owners creche (which is also for sale) and to provide placement opportunities as there are not enough vacancies in government schools in the region, with a limited number of other private school competitors in the area. The school is fully compliant and registered with the departments and awaiting their EMIS number. The school has 7 classrooms with one class per grade and capacity for up to 150 students. The school is owner operated with a team of well trained and reliable teachers, a receptionist and cleaner. The school places a particular focus on delivering a quality learning experience to students. The property is well maintained, on a large corner stand, with two stories, staff parking and outside play area, and is fitted with an aircon and heating system throughout and equipped with a generator to ensure continuity of operations during loadshedding.

The total asking price is R8 515 000 (including the two businesses and two properties), with an average combined monthly turnover of R174 919 monthly expenses of R96 567,42 and average monthly profit of R53 571,25

Due Diligence