Creche with Property

Price : R 1,295,000
Listing Type : Crèche
Location : Johannesburg
Ref No. : 2881
No. of employees : 10
Turnover : R 46 078 pm
Cost of Sales : R 4 522 pm
Expenses : R 23 957 pm
Net Profit : R 17 599 pm
Asset Value : R 2 312 241

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 for infants from birth to 24-months which operates in a self-contained section of the property with its own kitchen and bathroom. The creche has four classes (2-3 years old, 3-4 years old, grade RR 4-5 years and grade R 5-6 years old).

The creche provides meals for its students as part of the fee structure. The creche also provides aftercare services as an additional channel of revenue. The property is well maintained, on a large corner stand, has had its wiring and plumbing redone, includes an alarm system, water filtration system, generator and has outside prefab classrooms available for expansion. The asking price for the business is R1 295 000 with an average monthly turnover of R46 078,25, monthly expenses of R23 957,17 and average monthly profit of R17 599. The asking price for the property is R2 250 000 with a total combined sale including the business and property at R3 545 000.

Due Diligence