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  • Mandate: 34169
  • Added: 16 Sep 2020
  • AFS
  • 154

30 year old Nursery School including properties

Gauteng, Centurion
154
Mandate 34169
Added 16 Sep 2020
R 6,600,000* ZAR
Stock: R 0
Assets: R 600,000
R 127,515 ZAR
Driekie Louw
Aldes Focus
Gauteng
Summary

Situated just of a main road in a security area. Longstanding staff Manager run

30 year old Nursery School including properties
SELLING PRICE AFS
R 6,600,000* ZAR
Stock: R0
Assets: R600,000
R 127,515 ZAR
Summary

Situated just of a main road in a security area. Longstanding staff Manager run

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Fully describe the business's activities?
Nursery School that caters for babies of 4 months old until Grade RR. Longstanding Principal and Secretary takes care of daily operational duties. Each class has a qualified teacher and an assistant.

How long has the business been established?
Owner started the business 30 years ago.

How does the business operate on a daily basis?
Staff work in morning and afternoon shifts and are in charge to open and close the business. Two meals and two snacks are provided daily.

How are the clients attracted to the business?
The business has a very informative website and a Facebook page. Word of mouth.

Does the business have any contract work?
Parents sign a one month notice contract. Registration Fees are payable in January. Class fees are payable one month in advance for 11 months. No Fees payable in December.

What competition exists?
Nothing for at least a 3km radius.

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Started charging half day fees.

Are there up-to-date Management Accounts available?
Owner keeps excellent records and monthly breakdowns can be provided.

What Balance Sheet and Income Statements are available?
Finalising February 2020 Financials

What percentage of the business is cash/credit?
Payments are only received via EFT.

How could the profitability of the business be improved?
No buildings on the second property which is currently utilized only as a play area, can add temporary classes

What is the total staff complement?
7 x Teachers 5 x Helpers 1 x Secretary 1 x Cleaner/Maintenance 2 x Kitchen/Cleaner

Give a breakdown of staff/ functions/ length of service?
Longstanding teaching staff from 3 years to 20 years

Do any receive special perks or incentives?
Only salaries are paid but staff receive a lot of leave

Are they on contract?
All staff is on permanent contracts

Do any have management potential?
The principal has been with the school for 20 years. Secretary acts as Manager

How involved is the Owner in running the business?
Only 3 hours per week.

When does the current lease end?
Owner owns both properties

Is there an option of renewal & what period?
Properties to be sold with the school

What are the trading hours?
Monday to Friday from 6:30-17:30 Open for all holidays and close around the 10th of December Closed for public holidays

What is the square meters of the business?
Combined properties are 2000 sq/m Both have business rights.

Do you require a licence?
Department of Social Development Municipality

What are the main assets of the business?
Play area equipment Toys and educational equipment

Are any items not included in the sale?
Everything is included.

What is their overall condition?
Well maintained condition.

Which assets are on lease/HP and with whom?
Photocopier

Are they presently insured?
Comprehensive insurance is in place.

Strengths?
Manager run Excellent security with cameras in place No bad debt Qualified teachers and longstanding staff Located in a security/boomed area

Weaknesses?
Impacted by Covid Long working hours

Opportunities?
More classrooms added

Threats?
None were identified

What is the reason for the sale?
Owner wish to retire

Why is this a good business?
Excellent systems with well trained staff and manager in place.

What is the price plus stock and the profit?
Selling price of R6 600 000 includes two properties

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FRANCHISE DETAILS

Aldes Focus

5 members
49 active mandates
Gauteng
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
0081

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