Sydney Eastern Childcare Centre 39 Place, Great Potential (Leasehold)

Sydney, NSW

Education/Training / Child Care, Educational Rural / Machinery
$1,290,000
Listing ID1611124

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This well established, childcare Centre located in Sydney Eastern Suburb is licensed for 39 children and has grossing revenue approximately $1 million per annum and potential to grow. (Leasehold only)

Revenue:
$1,000,000 pa

Rent:
$240,000 pa

Net Profit:
$270,000 pa

About the Business
This centre is licensed for 39 children and had an occupancy of around 85%. Grossing $1 million for FY2015. The centre operating hours are 7:45am to 5:30pm, 50 weeks a year. The centre charges $120 per child & is run by 4 staff which accumulate a wage bill of roughly $220,000.

Rental value comes to $240,000 including a residential house with 5 bedrooms and a study room. High potential to increase the net profit to a very attractive & healthy figure of $300,000 after general expenses.

This childcare has homely interior/exterior and has always attracted families. Staff are well trained & relied upon by the vendor to continue operations while tending to an other business venture.

Two classrooms are led by highly qualified experienced and dedicated staff. The vendors are leaving the day to day operations to the highly capable staff. 1 vendor currently manages the staff and general top level operations.

Key points:
- Great location
- Well maintained facilities
- Happy staff and good to remain


For more information on this opportunity, please contact the undersigned:

Shirley Cho
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0417 000 882 T: 1800 858 696 E: shirley.cho@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1611124 to search for the business.


Disclaimer:
Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.