Business Headline : 28 Place Child Care Centre - High Growth Opportunity
Price : $450,000
Category : Education/Training, Other, Child Care
This is an intimate and homely 28 place long day care centre in the South East Sydney suburb of Chifley. Located on an easily accessible residential street, less than 5 minutes’ walk from primary school.
The centre was purchased by the current proprietor in 2013, and by 2015 the centre reached an average annual occupancy of 95%, with a renovation completed in December 2015.
Over the past 2 years, the Child Care centre has experienced mismanagement in which affected the centres operation, decreasing occupancy and therefore turnover and minimal changes to expenses proportionate to revenue, affecting profit. This is from a multitude of reasons, the key being; Turnover of centre managers, not adjusting expenses accordingly and the company owner not having the time available to manage the centre day-to-day and oversee the groups other Child Care centres.
<span style=\"text-decoration: underline;\">Ideal Purchaser
To bring the centre back to its thriving status, the business needs a focused, passionate owner operator and/or an experienced centre/business development manager from an existing Child Care company to add to its portfolio.
<span style=\"text-decoration: underline;\">Summary
<span style=\"font-size: 11pt;\">28 Places
<span style=\"font-size: 11pt;\">Land Size: Over 900m2
<span style=\"font-size: 11pt;\">On-site parking
<span style=\"font-size: 11pt;\">Minutes’ walk from primary school
<span style=\"font-size: 11pt;\">Compliant with EYLF (Early Years Learning Framework)
<span style=\"font-size: 11pt;\">Operating since 2010 purchased in 2013
<span style=\"font-size: 11pt;\">Possibility to increase DA approval
<span style=\"font-size: 11pt;\">Renovated in December 2015
<span style=\"font-size: 11pt;\">Potential for high occupancy growth, revenue and cost savings
<span style=\"font-size: 11pt;\">Very low rent in proportion to achievable turnover<span style=\"font-size: 11pt;\">
<span style=\"font-size: 11pt;\">Converted from low set residential dwelling in 2010
<span style=\"font-size: 11pt;\">Little to no advertising or marketing activates<span style=\"font-size: 11pt;\">
<span style=\"font-size: 11pt;\">Boutique, intimate and homely environment<span style=\"font-size: 11pt;\">
<span style=\"font-size: 11pt;\">Runs QikKids Child Care Software
<span style=\"font-size: 11pt;\">New vibrant and passionate manager started November 2018
Centre staff are through a staff/labour managment and payroll company
<span style=\"font-size: 11pt;\">Large staff cost saving possibilities
To bring the centre back to its thriving status, the business needs a focused, passionate owner operator and/or an experienced centre/business development manager from an existing Child Care company to add to its portfolio.
<strong style=\"font-size: 11px;\">To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4301872#enquire-now
Annual Rent : $68,269 -
Weekly Rent : $1,313
Annual Turnover : $523,712 -
Weekly Turnover : $10,071
Annual Gross Profit : Not Disclosed -
Weekly Gross Profit : Not Disclosed
Annual Ebit : $162,096 -
Weekly Ebit : $3,117
Premise : Leased
Lease Commencement : Nov 2018
Lease End : Nov 2023
Lease Option:
5 + 5 years
Total Land Area : 900 Square Metres
Franchise : No
Year Purchased : 2013
Year Established : 2010
Days Trading : 5
Staff :
5 Full Time - 1 Part Time - 3 Casual
Reason for Sale : Reconsolidation of assets and holding groups’ company structure
Location : High exposure block on residential street metres from primary school in Chifley, South East Sydney of Maroubra council
Business Potential : High potential for occupancy growth, revenue and cost savings – Maximise DA and license according to land size – Utilise marketing and advertising activities
Parking Comments : car - On premise parking
