A well-located pre-school in an upmarket area, on a large stand, with excellent growth potential. The main features include 9 classrooms, a principal’s office, kitchen, two entrances children’s toilets, large play area and jungle gym as well as a smaller play area. The property also has a large swimming pool with a covered structured, which needs to maintenance. The pool does also provide an extra income potential by offering swimming lessons. The business has a great offering with five meals per day included in their fee structure, and they also offer aftercare and holiday camps. The pre-school is registered and has consent for up to 140 students, of which they are under 50% based on current enrolments.
The business has 8 employees including 1 principal, 3 teachers, 2 teaching assistants, 1 cleaner and 1 groundsman / security guard who lives on site. The team have all recently completed first aid training and refresher courses. The business and property are being sold as a combined sale at R5.5m, with the property valued at R4m and the business at R1.5m. The business currently generates a turnover of R195 190, with expenses of R157 068, and a net profit of R38 122. The revenue could be increased substantially when enrolling additional students, up to +- R500k at full capacity.
