Business Headline : 28 Place Child Care Centre - South Eastern Sydney
Price : $260,000
Category : Education/Training, Other, Child Care
This is an intimate and homely 28 place long day care centre in a South East Sydney suburb. Located on an easily accessible residential street, less than 5 minutes\' walk from a primary school.
About the centre
Currently under performing, however, historically the centre has performed very well.
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 which affected the centres operation, decreasing occupancy and therefore turnover and minimal changes to expenses proportionate to revenue, effecting profit.
This is due to a turnover of centre managers, not adjusting expenses according to turnover and the company owner not having the time available to manage and monitor both of their child care centres.
The current owner is also selling another centre operating at 29 places with approval for 39 places in the Eastern Suburbs also.
To bring the centre back to its thriving status
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801142#enquire-now
Annual Rent : $80,000 -
Weekly Rent : $1,538
Annual Turnover : $307,000 -
Weekly Turnover : $5,904
Annual Gross Profit : Not Disclosed -
Weekly Gross Profit : Not Disclosed
Annual Ebit : $41,500 -
Weekly Ebit : $798
Premise : Leased
Lease Commencement : Nov 2018
Lease End : Nov 2023
5 + 5 years
Franchise : No
Year Purchased : 2013
Year Established : 2010
Days Trading : 5
2 Full Time - 1 Part Time
Reason for Sale : Reconsolidation of assets and holding groups’ company structure
Location : High exposure block on residential street metres from primary school in 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
Category: Retail General, Restaurant
State : ACT
City : Chifley