Verified Listing
Posted on September 20, 2018 / 622
Price : R3,100,000
Listing Type : Pre-School
Location : Randburg
Ref. No : 2484
Year Established : 2013
No. of Employees : 9
Trading Hours : 07h00 - 17h30
Turnover : R141 500
Expenses : R97 600
Net Profit : R43 900
Asset Value : R400 000

This well-established and profitable Montessori pre-school is situated in Randburg just off a main arterial and comes with the property. The property measures some 1,784 m² which provides plenty of space for the little ones to play.

Business Value: ± R 1,200,000.00
Property Value: ± R 2,400,000.00

It was established by the current owners in 2013 and currently has consent for has 65 kids. The school has 65 kids of which some will be going to primary school next. Most of these vacancies have already been filled and the seller is confident that the school will reach its consent approval by December 2018.

Because of the school’s popularity, the owner was thinking about apply for a larger consent but unfortunately, the owner has developed a health problem and is planning to return to Cape Town to be with their family. The seller is asking R3,1 million for the pre-school which includes the business, property as well as the assets and inventory.

Since its inception, the pre-school has shown an increase in profitability and currently generates a net profit of around R44,000.00 per month (including rental on the property).

Steve Van Rensburg – Roodepoort