Long-Established Private Junior Primary School in Durban

Durban
Price : R 4,400,000
Listing Type : Private School
Location : Durban
Ref No. : 2963
Year Established : 1974
No. of employees : 7
Trading Hours : 6:30am - 5pm Mon-Fri
Turnover : R 233 000 pm
Cost of Sales : R 23 000 pm
Expenses : R 128 000 pm
Net Profit : R 82 000 pm
Asset Value : R 150 000

Long-Established Private Junior Primary School in Durban

This is one of the oldest private schools centrally located in a Durban coastal suburb and is registered with the Department of Education as an Independent Private School.

The establishment enjoys a very good reputation as one of the leading schools in the area. The school is registered to enrol 104 Grade R pre-schoolers and additional learners from Grade 1 to Grade 7. It is also licensed to offer aftercare services.

There are currently 74 learners plus 22 in aftercare. The current staff comprises 6 teachers and a cleaner. The school is located on a 1075m² property, including 6 classrooms, 2 offices, 8 toilets, a tea area, a playground and a parking area. Please note the asking price does not include the property.

The reason for selling is the owner’s (school principal) retirement.

Get more info on this Business.

Features
Due Diligence
Financials
Prospectus