Junior Primary School in Durban

Durban
Price : R 4,400,000
Listing Type : Private School
Location : Durban
Ref No. : 2963
Year Established : 1974
Turnover : R 187 580 pm
Cost of Sales : R 22 030 pm
Expenses : R 55 550 pm
Net Profit : R 110 000 pm
Asset Value : R 600 000

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 have 107 pre-schoolers and additional learners from Grade 1 to Grade 7. It also offers aftercare.

The current staff comprises 7 teachers, a secretary and a cleaner.

The school is located on a 1075m² size property, including 7 classrooms, 2 offices, toilets, a dining room, a kitchen, a playground and a parking area.

The reason for selling is the owner’s (school principal) retirement. The asking price for the school business is R4.4m.

Features
Due Diligence
Financials
Prospectus