Primary School and Property

Price : R 1,720,000
Listing Type : Private School
Location : Johannesburg
Ref No. : 2882
No. of employees : 7
Trading Hours : School hours
Turnover : R 128 840 pm
Cost of Sales : R 20 258 pm
Expenses : R 72 610 pm
Net Profit : R 35 972 pm
Asset Value : R 1 525 079

The business was started to accommodate students from the owners creche (which is also for sale) and to provide placement opportunities as there are not enough vacancies in government schools in the region, with a limited number of other private school competitors in the area. The school is fully compliant and registered with the departments and awaiting their EMIS number. The school has 7 classrooms with one class per grade and capacity for up to 150 students. The school is owner operated with a team of well trained and reliable teachers, a receptionist and cleaner. The school places a particular focus on delivering a quality learning experience to students.

The property is well maintained, on a large corner stand, with two stories, staff parking and outside play area, and is fitted with an aircon and heating system throughout and equipped with a generator to ensure continuity of operations during loadshedding. The asking price is R1 720 000, with an average monthly turnover of R128 841, monthly expenses of R72 610 and average monthly profit of R32 972. The asking price for the property is R3 250 000 with a total combined sale including the business and property at R4 970 000.

Due Diligence
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