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Child Care Education/Training Business

Sydney 

Sold for $900,000 on 27 Aug 2017
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Child Care Education/Training Business in Sydney

Sydney Inner West Childcare Centre 56 Place, 90% Utilisation

Summary
Leasehold Childcare Centre located in Sydney Inner West is licensed for 56 children and had an occupancy of around 90%. Grossing approximately $1.125 million per annum.

Revenue:
$1,125,000 pa

Rent:
$140,000 pa

Net Profit:
$300,000 pa

Hours
7am - 6pm Monday - Friday

Lease
5 years from end of Jan 2016

Employees
All employees in place

Reason for Sale
Looking for a change of lifestyle

About the Business
This centre is licensed for 56 children and has an occupancy of around 90%. Grossing $1.125 million per annum, the centre charges $90 per child & is run by 9-10 staff which accumulate a wage bill of roughly $500,000.

Rental value comes to $140,000 based on a price per license valuation of $2500. We have allowed for this which brings the net profit to a very healthy figure above $300,000 which accounts for general expenses.

This childcare has found it easy to fill spaces, due to its homely interior/exterior and it has always attracted families. Staff are well trained & relied upon by the vendor to continue operations while tending to the other childcare.

The vendors are leaving the day to day operations to the capable staff, 1 vendor currently manages the staff and general top level operations.

Great opportunity for any buyer, Don't miss out.

For any queries regarding this business, please contact Shirley Cho on 0466960152.

Disclaimer:
Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.