Pre & Primary School with Property

Price : R 36,950,000
Listing Type : Private School
Location : Johannesburg
Condition : Includes Property
Ref No. : 2897
No. of employees : 15
Trading Hours : 7:00 – 17:30
Turnover : R 575 000
Expenses : R 582 356
Net Profit : TBD
Asset Value : R 162 041
Business Value : R 1 950 000
Property Value : R 35 000 000

A unique opportunity to acquire a well-known private school (pre, prep and primary) in an upmarket area including 5 large properties on 3 stands. The preschool makes use of 3 of the properties all of which have recently been consolidated into one stand. These properties have 10 classrooms which can accommodate up to 29 students per class. There is an admin block, concert hall as well as large outdoor play areas and jungle gyms. There are also three prefab classrooms that can be used for expansion and or extra curricula, or storage. The school has an excellent relationship with a nearby sports field which they rent for sports such as soccer, tennis, and netball. The junior prep and college operate from 2 new buildings with state-of-the-art fixtures and finishing. The first property accommodates students from grade R to grade 3, with 5 classrooms all with air conditioning, projectors and tv’s. The pre and prep college operates from a second property which accommodates students from grade 4 to grade 7 and has seven classrooms of 70sqm and a computer lab that are all built to industry specifications. The property plans and zoning allows for another story to be built up to expand the facilities and number of students.

The business has 15 fully qualified and experienced teachers, and assistants. There is an excellent opportunity for the business to expand from growth in the nearby area with hundreds of new apartments being built. There are two entities, the school operating business and a property company in which the properties are registered. The school is recovering from the impact of the pandemic and is growing in numbers but not yet back to pre-covid figures.

The business is valued at R1 950 000 which generates an average turnover of R575 000 per month, with an additional income of R30 000 per month recurring income from billboard rental. At capacity, the business can generate up to R30mil per annum. The business is located in one of the best areas in the heart of Johannesburg with well positioned and valuable properties with excellent exposure to main roads and easy access to the school. The total asking price is R36 950 000 including two entities (the school company and the property company) as well as all furniture and fittings and ownership of the school’s own access road.

Due Diligence
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