Fully describe the business's activities?
This small creche/pre-primary school is run from home and currently has 12 kids. It is registered for 35 so lots of opportunity to grow.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
Owner runs the school
How are the clients attracted to the business?
School name faces the road, word of mouth
What Advertising/Marketing is carried out?
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
No, too small to produce accounts
How could the profitability of the business be improved?
There is scope to convert the house into more classrooms and increase numbers considerably, or live in the house and have the school pay your costs
What is the total staff complement?
Owner has 1 helper
How involved is the Owner in running the business?
Owner is the teacher
When does the current lease end?
Run from home
What are the trading hours?
Usual creche and pre primary school hours
What is the square meters of the business?
1000m2 property with pool and out buildings. Capacity of entire property could be increased to around 140kids
Do you require a licence?
Yes, department of education, zoning and health department
What are the main assets of the business?
The property from which the school operates. This is a 4 bed home with outside cottage and also a pool, on a 1000m2 stand.
What is their overall condition?
Property can easily be extended to accommodate more kids, Home is in need of upgrade.
The seller has deliberately kept numbers down, great opportunity to expand school which is well located.
The current numbers are low
Re-apply to convert the whole property to a school or to increase numbers to current zoning alloweable
What is the reason for the sale?
Sellers want to imigrate
Why is this a good business?
This is a package deal where you can use the income from the school to pay the bond.
What is the price plus stock and the net profit?
R2,950m including school and property
Annual Turnover Amount between R 500 thousand and R 6 million