29 - 39 Place Child Care Centre - Eastern Suburbs Sydney
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
Business Headline : 29 - 39 Place Child Care Centre - Eastern Suburbs Sydney
Price : $260,000
Category : Education/Training, Other, Child Care
This Child Care Centre is approved and licensed for 39 places, although currently operating at 29 places. Literally next door to a primary school in an Eastern Sydney suburb.
About the centre
The centre started operation in 2014 in which has performed exceptionally well during the first 2 years of operation with the centre reaching capacity at 39 places with a waiting list.
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.
For this reason, the centre owners decided to reduce the number of operating places from 39 to 29.
The current owner is also selling another centre licensed for 28 places in South Eastern Sydney.
- Approved for 39 Places
- Currently operating at 29 places
- Run under management
- Next to primary School
- New Lease to be provided upon sale
- Onsite Parking
- Compliant with EYLF (Early Years Learning Framework)
- Operating since 2014
- Potential for high occupancy growth, revenue and cost savings
- Very low rent in proportion to achievable turnover
- Further cost savings for an owner operator
- Landlord, Scouts Association of Australia
To bring the centre back to its thriving status
- Needs a focused, passionate owner operator,
- An experienced centre/business development manager from an existing Child Care company to add to its portfolio
- Consolidating with a centre/group in the area to maximise the economies of scale
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801313#enquire-now
Annual Rent : $45,531 - Weekly Rent : $876
Annual Turnover : $356,806 - Weekly Turnover : $6,862
Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed
Annual Ebit : $120,000 - Weekly Ebit : $2,308
Premise : New lease to be provided
Lease Commencement : Jul 2014
Lease End : Jun 2016
Lease Option: 3 years
Franchise : No
Year Purchased : 2014
Year Established : 2014
Days Trading : 5
Staff : 2 Full Time - 1 Part Time
Reason for Sale : Reconsolidation of assets and holding groups’ company structure
Location : Next to primary school in growing Eastern Sydney Suburb
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