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?
Are there up-to-date Management Accounts available?
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
Registered department of education as Private School, quality education, excellent results, capacity to increase scholars/childrn
Not receiving subsidies
Nearby market can be expanded, large capacity to increase learners, Foreign scholars
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
Annual Turnover Amount between R 500 thousand and R 6 million