Sectors / Category

Annual turnover

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  • Mandate: 35024
  • Added: 23 Nov 2021
  • AFS
  • 349

Creche and Day Care Centre

North West, North West
349
Mandate 35024
Added 23 Nov 2021
R 654,000* ZAR
Stock: R 0
Assets: R 273,074
R 31,834 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Creche and Day Care Centre with Capacity for Increased Revenues

Creche and Day Care Centre
SELLING PRICE AFS
R 654,000* ZAR
Stock: R0
Assets: R273,074
R 31,834 ZAR
Summary

Creche and Day Care Centre with Capacity for Increased Revenues

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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?
Yes

What Balance Sheet and Income Statements are available?
2019,2020 and 2021

What percentage of the business is cash/credit?
Mostly prepaid

How could the profitability of the business be improved?
More children to full capacity

What is the total staff complement?
Eight People

Are they on contract?
Yes

Do any have management potential?
Yes definitely

How involved is the Owner in running the business?
Actively Involved

What are the trading hours?
The school operates from Monday to Friday 06:30 to 17:30

Property Overview
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?
Good Condition

Do any require repairing?
No

How have they been valued ?
Owner replacement estimations

Strengths?
Suburban based creche in close vicinity to its customers and fees are reasonable for the care and service provided

Weaknesses?
The competition took a premium position that attracts greater economic resilience

Opportunities?
Expand services to grow to maximum capacity

Threats?
Covid Lockdowns

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

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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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