Ad ID: 71133 Inactive

Popular Early Childcare Business for Sale West Auckland

West Auckland Childcare - Licensed for 40

Location:
Asking:
$1,025,000

Business for Sale Description

Popular Early Childcare Business for Sale West Auckland


Normalised EBIDT of $265,000 (fully managed number).

SOLID OCCUPANCY WITH WAITING LIST
Centre has a great reputation with an over 95% occupancy rate and a solid waiting list (banks love this).

EXPANSION POTENTIAL
The vendor feels after discussions with the Ministry in the past up to 8 \'as is\' without any major works, and a lot more with minor extension works. The property is set on over 1300 sq\'s.

ABILITY TO PURCHASE THE BUILDING ALSO EXISTS
Subject to a current valuation (both sides if needed).

ASKING $1.025M by negotiation.

Set in a dense residential location in West Auckland, close to feeder schools and main roads, this home away from home early learning centre is awaiting a new owner with the vendor simply looking to retire after many happy years.

There is an absolute Rock Star employee ready and able to take over the management of the centre, with the vendor only working very part time, the transition will be simple and as seamless as possible.

Licensed for 40, the centre has expansion potential for an additional 8 children \'as is\' or with some minor building renovations you could increase this further. We are told and occupancy sits at over 95% and the normalised EBIDTA is circa $245K.

The large site of over 1,300 sq/m offers an enriching learning space for children to explore indoors and out, all while supervised by trained and experienced staff. The owner has indicated she would offer a solid handover to the purchaser if this is required too.

Either a new lease will be put in place for the purchaser or the ability to buy the land/ buildings also exist.

Asking Price: $1.025M (4.18x).

No doubt you will want to know more about this popular centre but please submit the Confidentiality Agreement first by visiting www.barkerbusiness.co.nz/BBS2297 and click the enquire now button. I\'m afraid I can\'t release any further info about this business until you have submitted the CA.

Licensed REA 2008. Copyright Barker Business Brokerage 2018.

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