This purpose-built boutique centre has been operating in the local community for 10 years and is a great opportunity for a qualified working owner to acquire their first centre or an experienced owner to add to a portfolio.
The vendors are motivated to move to new projects and have priced this business to sell.
If you are in the market for a boutique centre with a clear focus on meeting the needs of the local community, this may be the one for you.
An added bonus is you can buy a quality purpose-built property or enter a commercial lease to have secure tenure going forward.
The vendor is happy to stay on and assist with the transition of the centre for a period of time, offering a smooth transition. This is ideal for a new owner who may be buying their first centre or someone from out of town who needs time to relocate.
Don't be fooled by the low business price.
The centre did have a drop in profit in 2019 due to competition opening nearby and a number of children transitioning to school. This reduced the revenue and profit and is reflected in the low asking price for a centre of this quality. The business is now back to their former roll with occupancy at 85% plus. They even have a waiting list for some days due to demand.
This business has a positive future and an owner/operator can anticipate returns in excess of $110,000 per annum in the 2020 financial year.
Property $700,000 (7% ROI)
Please contact Linda Harley - 022 354 9189 for further details.