Verified Listing
Posted on May 12, 2020 / 1130
Price : R3,500,000
Listing Type : Preschool
Location : West Rand
Ref. No : 2628
Year Established : 1982
No. of Employees : 16
Trading Hours : 6am - 6pm weekdays
Turnover : R 207 700
Expenses : R 136 800
Net Profit : R 70 900 pm
Asset Value : R 260 000
Business Value : R 2 100 000
Property Value : R 1 800 000

This is a pre-school that was borne out of the love for children. The school was started in 1982 by the current owner and is a home from home for the little ones. It is a very profitable and well-established pre-school which comes with the property measuring over 1,200 m². This provides ample space for the little ones to play.

Because of the school’s popularity, it often was home to as many as 110 kids at one stage but this year the owner decided to limit the number of kids to a more manageable 90. This is in line with the consent that was granted to the owner (i.e. 90 little learners). Currently there are 75 kids and aftercare students.

The reason for the reduction in the number of kids and the sale of the school is that the owner would like to retire after 38 years.
At the asking price of R3,9 million (includes the business, the assets and inventory as well as the property at R1,800,000.00) this is an opportunity not to be missed.

Mfundo Nhlabati – Broker Head Office