The preschool currently has 51 children and has consented for 85 children. At this stage, the school had as many as 93 happy children.
This well-established preschool is located on a large corner stand property, just off a very busy main road in the Northcliff area, and has been in operation for over 40 years. The owners have now decided it’s time to retire and move on to the next chapter of their lives.
This property measures 3,000 m2, the main house is 200 m under the roof, the 3 classrooms measure 101 m2, and the outbuildings are 37 m2. There is also a large, heated swimming pool, which can provide another source of income for a buyer. The property also has a borehole, which is an excellent addition and adds to its value.
The sellers are asking for R5.6 million for the business, its assets, and the property.
- Asking Price:
- R5,600,000 Furniture / Fixtures included
- Sales Revenue:
- R1.5M - R3M
- Cash Flow:
- R500K - R1.5M
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Northcliff
- Premises Details:
-
This property measures 3,000 m2, and the main house under the roof measures 200 m2. The 3 classrooms measure 101 m2, and the outbuildings are 37 m2. There is also a large, heated swimming pool on the property, which can provide another source of income for a buyer. The property also has a borehole.
- Size in square feet:
- 3000 sq meters
- Planning Consent:
-
Yes
Business Operation
- Expansion Potential:
-
Yes
- Competition / Market:
-
Yes
- Reasons for selling:
-
The sellers are elderly and would like to spend more time with their grandkids.
- Trading hours:
-
06.00 to 17h30 - Monday to Friday
- Employees:
- 8
- Years established:
- 1980
Other Information
- Support & training:
-
Yes
- Furniture / Fixtures value:
- R300,000 - included in the asking price
