Fully describe the business's activities?
Preschool for sale in Johannesburg. Currently the school has 37 kids, ages between 6 months and Grade R. The school can easily accommodate 45 kids. Big play areas and huge potential for growth.
How long has the business been established?
The business has been established for 22 years.
How does the business operate on a daily basis?
The owner is at the business at least 2 times a week. The teachers open and close the school everyday. The school employs 2 teachers, one cleaner and a cook.
How are the clients attracted to the business?
Currently, there is no marketing or advertising being done. There is a huge opportunity to focus on additional marketing and host an open day in September for new kids coming in next year.
What competition exists?
There are two other schools in the area.
Is the business VAT Registered?
No, the business is not a VAT vendor.
Are there up-to-date Management Accounts available?
The owner provided us with a breakdown of Income and expenses.
What percentage of the business is cash/credit?
50% Cash 50% EFT
How could the profitability of the business be improved?
There is a huge opportunity for growth in the business by doing more marketing and advertising for the school. There are also some improvements and renovations needed and this can make a great difference on the number of kids attending the school.
What is the total staff complement?
4 permanent staff.
Give a breakdown of staff/ functions/ length of service?
2 x teacher 1 x cook 1 x cleaner
Do any receive special perks or incentives?
All staff receives a basic salary and the two teacher stay on the premises.
Do any have management potential?
One of the teachers has management potential, however the seller would suggest that the new owner employs a principal.
How involved is the Owner in running the business?
The owner is in the business at least twice a week.
When does the current lease end?
Is there an option of renewal & what period?
There is an option to renew for another 2 years.
What is the annual escalation %?
6% yearly escalation.
What are the trading hours?
Monday - Friday 06:00 - 17:30
Is a copy of the lease available?
This can be provided to an interested buyer.
What lease deposit and/or other surety is required?
One months lease deposit is required.
What are the main assets of the business?
Outdoor play equipment Shelving Tables and chairs kitchen appliances Educational toys, books and dvd's etc. A full asset list can be provided.
Are any items not included in the sale?
Everything will be included in the sale.
Good Location Newly updated curriculum for the school Loyal, trustworthy staff
The school would benefit from some renovations and improvements.
Huge potential to do more marketing and advertising for the school and to increase the number of students from 37 to 45. Opportunity to have an aftercare facility for preschool kids
What is the reason for the sale?
The owner has other business activities which takes up more of his time.
Why is this a good business?
The business has a good number of kids attending the school. There is great growth potential and opportunity to increase the number of kids within the consent use.
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