Sectors / Category

Annual turnover

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  • Mandate: 34732
  • Added: 21 Sep 2021
  • AFS
  • 593

Private School with Property

North West, North West
593
Mandate 34732
Added 21 Sep 2021
R 13,200,000* ZAR
Stock: R 0
Assets: R 10,917,657
R 60,123 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Private School that Includes Boarding School and Large Property

Private School with Property
SELLING PRICE AFS
R 13,200,000* ZAR
Stock: R0
Assets: R10,917,657
R 60,123 ZAR
Summary

Private School that Includes Boarding School and Large Property

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Fully describe the business's activities?
Private school with boarding school, catering for learners from grade R to 12 - Property of 14 Hectares included

How long has the business been established?
Since early 2000

How does the business operate on a daily basis?
Fully operational school with professional management team

How are the clients attracted to the business?
Word of mouth mostly

What Advertising/Marketing is carried out?
Word of mouth mostly

What competition exists?
There are other schools in area, limited competition when boarding school and grade spread taken into consideration

What are the seasonal trends?
January and December closed

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Reserves used

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
Prepayment as much as possible

What is the age analysis of the debtors book?
Trade receivables managed strongly, thus no material values

How could the profitability of the business be improved?
Range of opportunities that will be discussed with potential buyers

What is the total staff complement?
Full Management team and staffing in place

Give a breakdown of staff/ functions/ length of service?
Staff list available

How involved is the Owner in running the business?
Not involved in day-to-day, controls financials

What is the square meters of the business?
The property is 14 Hectares

What are the main assets of the business?
Property plus improvements, school, boarding school, equipment

Strengths?
Registered department of education as Private School, quality education, excellent results, capacity to increase scholars/childrn

Weaknesses?
Not receiving subsidies

Opportunities?
Nearby market can be expanded, large capacity to increase learners, Foreign scholars

Threats?
Covid lockdowns

What is the reason for the sale?
Owner retiring and health deteriorated

Why is this a good business?
Great potential, good location, asset values as part of total value is high

What is the price plus stock and the profit?
R13,200,000 all inclusive

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AGENCY DETAILS

Aldes Potchefstroom

1 members
41 mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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