Fully describe the business's activities?
Nursery school located in an affluent area in Pretoria East. It currently has 55 children and is registered for 70, but can grow up to 100. It specializes in kids from 4 months to Grade RR with the correct curriculum as per Social Development. The property is available for purchase on a later stage.
How long has the business been established?
The nursery school was established in the early nineties.
How long has the owner had the business?
The Owner bought the nursery school in 1998
How does the business operate on a daily basis?
Parents drop their kids off from 06h00. The kids are given breakfast, lunch and snacks during the day. They also follow a curriculum as prescribed by the education department. Classes are not bigger that 15 kids per class which ensures each child gets good attention. Parents collect kids again around 17h30.
How are the clients attracted to the business?
The nursery school is well established and well known in the area. It is also located on a busy road with large signage. They also advertise on Dustbins all over the area.
What Advertising/Marketing is carried out?
The school has a website. Other than that there is very little to no marketing being done. Word of mouth has a huge impact on the school.
Does the business have any contract work?
Parents sign a contract
What competition exists?
None in the area.
What are the seasonal trends?
The school is open throughout the year and closed for 2 weeks during December.
Is the business VAT Registered?
No. It is below the threshold.
Are there up-to-date Management Accounts available?
Yes form the accountant.
What Balance Sheet and Income Statements are available?
Feb 2016 will be available soon.
What percentage of the business is cash/credit?
All cash a month before.
What is the age analysis of the debtors book?
There are no debtors, payments are made in advance
How could the profitability of the business be improved?
More kids will increase the turn over of the business.
Is Seller finance available and for what amount?
The seller is not open to any structured transaction.
What is the total staff complement?
5 Fully employed staff members.
Give a breakdown of staff/ functions/ length of service?
5 Teachers that have been at the school between 5 and 18 years.
Do any receive special perks or incentives?
Bonuses and Transport are paid. The owner is planning medical aid as well.
Are they on contract?
All staff are on standard employment contracts.
Do any have management potential?
How involved is the Owner in running the business?
The owner is involved daily in all aspects of the business.
When does the current lease end?
The property forms part of the sale.
What are the trading hours?
Monday to Friday 06h00 to 18h00
What is the square meters of the business?
Total sqaure meters of 1115.
Is a copy of the lease available?
Do you require a licence?
Yes. The premises has to be zoned correctly as a Creche-cum-nursery school, which this school has been zoned as.
What are the main assets of the business?
The property and educational toys and books.
Are any items not included in the sale?
There are personal effects that the seller will take with her.
What is their overall condition?
Good working condition.
Do any require repairing?
No just regular maintenance.
How have they been valued ?
Second hand value
Which assets are on lease/HP and with whom?
None all are owned by the business.
Are they presently insured?
Yes everything is insured.
The school is well established. It is also well known in the area. Low monthly expenses. Monthly turnover is very stable.
Huge opportunity to expand due to the size of the property More marketing will increase numbers
What is the reason for the sale?
The seller wants to retire and scale down.
Why is this a good business?
The business is well established but still offers huge opportunity to increase income.
What is the price plus stock and the net profit?
The price including all stock and Property is R7 000 000.00 with an average monthly profit of R80 000.00. The seller is negotiable and can exclude the property with an option to purchase it at a later stage.
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