28 Place Child Care Centre - South Eastern Sydney

Industry: Education/Training - Child Care | Listed by: ABBA Group
Key Strengths
About this business

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. 


Summary



  • 28 Places 

  • Land Size: Over 900m2

  • On-site parking

  • Minutes’ walk from primary school

  • Compliant with EYLF (Early Years Learning Framework)

  • Operating since 2010 purchased in 2013

  • Possibility to increase DA approval - excess outdoor play area space at present 

  • Renovated in December 2015

  • Potential for high occupancy growth, revenue and cost savings

  • Very low rent in proportion to achievable turnover 

  • Converted from low set residential dwelling in 2010

  • Little to no advertising or marketing activities

  • Boutique, intimate and homely environment 

  • Runs QikKids Child Care Software

  • New vibrant and passionate manager started November 2018

  • Further cost savings for an owner operator 


Ideal Purchaser


To bring the centre back to its thriving status



  • 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

    and/or


  • 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=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 2012


Lease End : Nov 2017


Lease Option:
5 + 5 + 5 years



Franchise : No


Year Purchased : 2013


Year Established : 2010


Days Trading : 5


Staff :
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

print

  • ListingImage
image
Business Name / Ref #:
Contact Advertiser
Location:
Chifley
NSW
Asking Price:
$260,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
80000
Trading Hours:
Website:
Contact Details:
1300064.....
emailFriend
Embed

Advertiser Details

Sales, Mergers & Acquisitions
Location: Level 1, 183 Harris Street
PYRMONT NSW 2009, New South Wales
2009, Australia

If you are interested in business like this, you should like:

NOT JUST A BUSINESS BUT A CASUAL WAY OF ...

The joy of children! This is the ultimate lifestyle opportunity to pur...

Childcare Centre for Sale SA Lic 75 $1....

*Brand New Centre opened March 2019 *Licensed for 75 places *Under ma...

Childcare Business & Property for Sale L...

* Brand new opened 2019 * Property and business for sale * License...

Brand New Cafe and Kid's Play Centre/Fun...

- New multi-functional venue in the growing North-East, only 1 month y...

All Comments

28 Place Child Care Centre - South Eastern Sydney ListingImage
About this business

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. 


Summary



  • 28 Places 

  • Land Size: Over 900m2

  • On-site parking

  • Minutes’ walk from primary school

  • Compliant with EYLF (Early Years Learning Framework)

  • Operating since 2010 purchased in 2013

  • Possibility to increase DA approval - excess outdoor play area space at present 

  • Renovated in December 2015

  • Potential for high occupancy growth, revenue and cost savings

  • Very low rent in proportion to achievable turnover 

  • Converted from low set residential dwelling in 2010

  • Little to no advertising or marketing activities

  • Boutique, intimate and homely environment 

  • Runs QikKids Child Care Software

  • New vibrant and passionate manager started November 2018

  • Further cost savings for an owner operator 


Ideal Purchaser


To bring the centre back to its thriving status



  • 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

    and/or


  • 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=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 2012


Lease End : Nov 2017


Lease Option:
5 + 5 + 5 years



Franchise : No


Year Purchased : 2013


Year Established : 2010


Days Trading : 5


Staff :
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

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:80000

Trading Hours:

Website:

$260,000

Login

New user Signup here

Signup or Login with