Fully describe the business's activities?
A Day care center that uses the ACD education Program . Currently have a attendance of 61 Children from ages 3 months to 6 Years Zoning in process and done by landlord. Classes are kept small for more personal attention,
How long has the business been established?
This daycare centre was established in 2013
How long has the owner had the business?
How does the business operate on a daily basis?
The owner opens and closes daily. Staff manages children attendance. Food preparations are done Teachers do their training
How are the clients attracted to the business?
Word of mouth
What Advertising/Marketing is carried out?
Pamphlets drops are the only marketing that is done
Does the business have any contract work?
What competition exists?
Some in the area, but the potential client base is big and needs to be tapped into.
Is the business VAT Registered?
What VAT documentation is on file?
What Balance Sheet and Income Statements are available?
Income and exspences sheet are on file.
What percentage of the business is cash/credit?
Eft transactions is 80% off the business income.
How could the profitability of the business be improved?
More aggressive local store marketing plan is needed.
Is Seller finance available and for what amount?
What is the total staff complement?
6 Staff members
Give a breakdown of staff/ functions/ length of service?
5 teachers 1 Cleaner
Do any receive special perks or incentives?
Are they on contract?
Do any have management potential?
Yes ,one off the teachers
How involved is the Owner in running the business?
When does the current lease end?
Ending in 2021
Is there an option of renewal & what period?
Yes ,optional renewal are for 5 years
What is the annual escalation %?
What are the trading hours?
From 6h00 to 18h00
What is the square meters of the business?
Plus minus 300 sqm. Amble play ground space for the children is their.
Is a copy of the lease available?
Yes,could be supplied to a seller on request.
Do you require a licence?
The normal business licences and city counsel approvals.
What are the main assets of the business?
We have a complete list on file.
Are any items not included in the sale?
Sold lock stock a barrel
What is their overall condition?
In a good overall condition
Do any require repairing?
How have they been valued ?
Are they presently insured?
a Modern daycare center,with small classes for more teachers personal attention to teaching
a Good marketing plan needs to be put in place.
More children could be occupied in the business
Noe we can perceive
What is the reason for the sale?
The sellers husband lives in Canada. The are emigrating
Why is this a good business?
The day care is based near the parents working offices. Really provisionally manage Teachers are of a high standard.
What is the price plus stock and the net profit?
Selling price R600 000 Profit R33 930 pm PRICE IS NEGOTIABLE
Annual Turnover Amount between R 500 thousand and R 6 million