Ad ID: 71368 Inactive

Childcare Business for Sale Canterbury

Canterbury Childcare for Sale, Licensed 35

Location:
Asking:
$395,000

Business for Sale Description

Childcare Business for Sale Canterbury


Asking Price for this leasehold opportunity: $395,000 plus optional $830,000 for land and buildings, totalling $1,225,000 for both. Rental income of $58,000 = 7% return.

This very good business is located in a growing Canterbury town just 30 minutes from the Christchurch CBD. The town is growing at around 11% since the last census and has a large pool of around 12,000 residents.

The centre is situated in a comfortable separate family home which is licensed to accommodate up to 35 children with a maximum of 7 under 2\'s.

The spaces are generous with an emphasis on room inside and out to encourage exploration and discovery.

The owners tell us occupancy is running at 85-90% so the potential is there to increase the role and income already.

Fully managed this centre returned for 2018 circa $83,000 which could be improved by the involvement of an owner operator and the removal of some expenses.

The lease term is for 3 years with two rights of renewal and expires if rights are taken up in 2026.

To find out more about this opportunity, visit www.barkerbusiness.co.nz/BBS2308, register your details and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

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