Verified Listing
Posted on April 8, 2019 / 224
Price : R4,200,000
Listing Type : Crèche
Location : West Rand
Ref. No : 2539
Year Established : 2003
No. of Employees : 11
Turnover : R245 710
Net Profit : R71 843
Asset Value : R298 400
Business Value : R2 200 000
Property Value : R2 000 000

This well-established and profitable Baby Care and Toddler pre-school is situated on the West Rand in an upmarket suburb. The school established in 2003, has expanded and developed so well that it now comprises two separate entities, each registered as a close corporation. Each pre-school has its own property and they are located in close proximity to each other. The one pre-school is registered to accommodate 72 babies from the age of 3 months to 24 months while the other pre-school is licenced and caters for learners from the age of 2 years to 5 years. Each of the properties measures some 1,000 sq. metres in size thus providing plenty of space for the little ones to play.

The seller is not selling the close corporations, only the pre-schools.
In total these schools have consent for 144 kids and currently there are 108 little learners. As many of the older learners graduated in December 2018 and moved to primary schools in the beginning of the year a lot of vacancies have already been filled and the seller is confident that the school will reach its consent approval soon again.

Since their inception, these pre-schools have shown an increase in profitability and currently generates a combined net profit of around R143,400.00 per month excluding depreciation and owner’s drawings. The owner is prepared to sell these two very profitable schools as 1 unit at the asking price of R8 million including the 2 licenced premises, the assets and the inventory. The seller is also prepared to sell the two schools as separate entities, meaning that the Baby School (licensed business, premises, the assets and the inventory) can be sold for R4 3 million and the pre-school (licensed business, premises, the assets and the inventory) for R4.2 million.

The seller has decided to sell these schools as she will be taking on a new venture in kiddies party planning and venue hire closer to her home.

There’s and opportunity to purchase two businesses that work together. Click HERE to see the other business listing.

Steve Van Rensburg – Roodepoort