Fully describe the business's activities?
Preschool - Educational for: 3 month babies - 5 year old children.
How long has the business been established?
+- 9 Years
How long has the owner had the business?
Established the school 9 years ago.
How does the business operate on a daily basis?
This business is owner run plus 9 staff - preschool is open during school terms from Mondays to Fridays. A parent drops their children in the mornings and collects them again in the afternoon.
How are the clients attracted to the business?
School is very well established, very good reputation and high standards - word of mouth and referals the best means of exposure & advertising.
What Advertising/Marketing is carried out?
No direct marketing, word of mouth and reputation have established a solid marketing trend.
What competition exists?
There are other schools in the area.
Is the business VAT Registered?
This business is exempted from VAT.
Are there up-to-date Management Accounts available?
Yes - Bank Statement available to and serious enquiries during due diligence stages.
What percentage of the business is cash/credit?
Most of the income is received via internet transfers, The cash element is minimal.
How could the profitability of the business be improved?
The business is currently showing a good profit, however there is room for growth to increase children to maximum 80 capacity.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
1 x Kitchen staff (7 years), 2 x Baby class (3 Years), Classroom (1) Toddlers x 2 Staff (5 Years), Classroom (2) Toddlers x 2 staff (6 years), Preschoolers 2x staff (3 years & 1 year)
Do any receive special perks or incentives?
Business receive cash from fund raisers and concerts.
Are they on contract?
8 Permanently employed, 1 on probation.
Do any have management potential?
Yes, teachers and staff manage classrooms.
How involved is the Owner in running the business?
5 days a week from 7:30 am - 13:00 pm
When does the current lease end?
Owner owns the property, the property has commercial rights. Property is available for purchase and will be handled on a separate agreement to the business.
What is the square meters of the business?
Land +- 1300sqm
Who is the Owner/Landlord?
What lease deposit and/or other surety is required?
Transfer duties will apply for the property.
What are the main assets of the business?
Classroom equipment & furniture, educational curriculum, outside jungle gym and play area, kitchen equipment. Office furniture & equipment, CCTV system.
Are any items not included in the sale?
All included as per assets register.
What is their overall condition?
Excellent well maintained & kept condition.
Do any require repairing?
All in good working order.
How have they been valued ?
Current market related values.
Which assets are on lease/HP and with whom?
What are their settlement amounts?
Cost +- R 1500.00 pm
Will Seller settle or Buyer to take over?
Buyer to take over.
Are copies of agreements available?
Are they presently insured?
Yes, full comprehensive insurance in place.
Well established, well positioned, one entrance and one exit separate driveways, well designed and flows well, experiences and well trained staff, good reputation within the community, well kept & maintained.
Owner run business.
Can expand by purchasing properties around current property, offer up to grade 7.
Relocating parents, however here is always new clients on a waiting list.
What is the reason for the sale?
Annual Turnover Amount between R 500 thousand and R 6 million