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?
None

Is the business VAT Registered?
NO

What VAT documentation is on file?
NA

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.

Strengths?
The seller has deliberately kept numbers down, great opportunity to expand school which is well located.

Weaknesses?
The current numbers are low

Opportunities?
Re-apply to convert the whole property to a school or to increase numbers to current zoning alloweable

Threats?
None

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