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Annual turnover

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  • Mandate: 35269
  • Added: 01 Apr 2022
  • AFS
  • 477

Preschool in East Rand

Gauteng, Johannesburg
477
Mandate 35269
Added 01 Apr 2022
R 808,000* ZAR
Stock: R 8,000
Assets: R 200,000
R 41,800 ZAR
Johan Mouton
Aldes Focus
Gauteng, Pretoria East
Gauteng, Pretoria East
Summary

Preschool for sale in the East Rand are up for sale with growth potential. This school has amble space for the children to play.

Preschool in East Rand
SELLING PRICE AFS
R 808,000* ZAR
Stock: R8,000
Assets: R200,000
R 41,800 ZAR
Summary

Preschool for sale in the East Rand are up for sale with growth potential. This school has amble space for the children to play.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
This is a pre -school accommodate children from 3 months till 6 years. We also have aftercare for children from gr 1 to gr 7. This school can accommodate up to 100 Children. Currently, they have 50 children in school All the relevant zoning and approval necessary to operate as a pre-school is in place.

How long has the business been established?
Established in 2013

How long has the owner had the business?
From 2013

How does the business operate on a daily basis?
The owner opens and closes Staff also rotate opening and closing of school

How are the clients attracted to the business?
Word of mouth from satisfied parents Website Surrounding schools support the Pre-school

What Advertising/Marketing is carried out?
Facebook Business and Beyond

Does the business have any contract work?
No

What competition exists?
Other creshes in the area.

What are the seasonal trends?
At the end of the year children leave to go to grade 1. Number of children increase again as soon as school starts. At around March we receive children from other creches where the children or parents are not happy.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The pandemic did have an impact on the business, but they are in the process of normalizing

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Discounts on accounts were given to parents to assure that they stay with us. Extensive advertising was done

Is the business VAT Registered?
No

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

What Balance Sheet and Income Statements are available?
Up to date

What percentage of the business is cash/credit?
Mostly EFT. Cash around 10%

What is the age analysis of the debtors book?
From 2014

How could the profitability of the business be improved?
Raise fees paid by parents.

Is Seller finance available and for what amount?
No

What is the total staff complement?
4 Teachers 2 Assistants 1 Caregiver 1 Kitchen lady 1 Principal

Give a breakdown of staff/ functions/ length of service?
4 Teachers 2 Assistants 1 Caregiver 1 Kitchen lady 1 Principal Staff service Length is between 1 to 10 Years with the school.. Most are in service for more than 3 Years

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
Yes

How involved is the Owner in running the business?
I am here every day

Any special arrangements for the staff related to the Covid-19 pandemic?
No

When does the current lease end?
Still 5 Years left

Is there an option of renewal & what period?
Yes for 5 Years

What is the annual escalation %?
About 5%

What are the trading hours?
From 06:00 to 18:00

What is the square meters of the business?
+- 200 sq m

Is a copy of the lease available?
Yes on Request

Do you require a licence?
All necessary paper work and zoning is in place

What lease deposit and/or other surety is required?
To be discussed with the representative of the church. I did not have to give anything though.

What are the main assets of the business?
Everything which is needed for a pre-school

Are any items not included in the sale?
There is a car that can be discussed

What is their overall condition?
Good

Do any require repairing?
On a yearly basis we do maintenance.

How have they been valued ?
I do have an inventory.

Which assets are on lease/HP and with whom?
The car with Wesbank A few apparatus on the playground with jungle gym world. Coppier with Copystar

What are their settlement amounts?
On the Apparatus non. Car to be discussed.

Will Seller settle or Buyer to take over?
To be discussed.

Are copies of agreements available?
Yes

Are they presently insured?
yes

Strengths?
The Preschool has a good name in the market area. Always a need for this type of product.

Weaknesses?
90% Afrikaans, Need for more English speaking children will enhance sales.

Opportunities?
Attract more English speaking students

What is the reason for the sale?
The owner wants to retire.

Why is this a good business?
Well-established school.

What is the price plus stock and the profit?
R800 000 including R8000 stock Average profits R41000pm.

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AGENCY DETAILS

Aldes Focus

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

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