Fully describe the business's activities?
Day Care Centre/Creche. Christian values. Separate baby class for 0-12months. Each group has its own program based on early learning development Curriculum. Safe premises with CCTV. Private Facebook Page for sharing children activities and developments with parents. Open during school holidays (Except December)
How does the business operate on a daily basis?
The Centre offers service for 0 to 12 months and 1 to 5 years, each group with its own program. The curriculum is followed for early learning development.
How are the clients attracted to the business?
Word of Mouth. Website and Social Media. Quality care with great teachers. Activities tat are designed for healthy development. Fair pricing models.
What competition exists?
Franchised centre in the area
What are the seasonal trends?
Closed in December
How did the Covid-19 pandemic impact the business turnover / daily operations?
Impact was drastic, recovery positive
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Standard industry protocols
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
2019,2020 and 2021
What percentage of the business is cash/credit?
How could the profitability of the business be improved?
More children to full capacity
What is the total staff complement?
Are they on contract?
Do any have management potential?
How involved is the Owner in running the business?
What are the trading hours?
The school operates from Monday to Friday 06:30 to 17:30
The Centre is at a residential property dedicated only for the Centre, it is conveniently located and lease can be extended
What are the main assets of the business?
Full Asset List Available - Valued at R150k
What is their overall condition?
Do any require repairing?
How have they been valued ?
Owner replacement estimations
Suburban based creche in close vicinity to its customers and fees are reasonable for the care and service provided
The competition took a premium position that attracts greater economic resilience
Expand services to grow to maximum capacity
What is the reason for the sale?
Owner is of view that refreshed outlook is required to take school to next level
Why is this a good business?
Established with good profits despite challenging times over the past two years of COVID
What is the price plus stock and the profit?
R654,500 - The owner in last financial year extracted profits and own direct expenses of R212,400
Annual Turnover Amount between R 500 thousand and R 6 million