Established in 2015, this is a quality purpose built centre licensed for 95 plus children. This is a well designed facility with spacious areas both inside and outside.
Well qualified staff and a capable Manager who handles the day to day running of the centre means the new owner can be hands off (as is the current owner).
The purchaser, therefore, does not need to be ECE qualified and could easily take on a part time role in the business.
Managed profit over an averaged 12 months is approximately $320,000 after deducting rent, based on attendance of around 81%, presenting a good upside to increase this profit with higher occupancy. The centre is very generously staffed with a total of 15 qualified staff and 14 unqualified teachers. We believe it is highly probable that the next 2 qualified staff who leave will not be replaced. This alone will add another $100,000 profitability to the business.
A long term commercial lease is in place.
Business Asking Price $1,500,000