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Childcare For Sale in NorthIsland

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Wellington Childcare Centre - Good Profits, Rent & Location

Location:North Island

Category:Child Care Center

Asking Price:$1,100,000

1100000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Wellington Childcare Centre - Good Profits, Rent & Location

Business description

Not often do centres become available in the Wellington region with centre ownership being tightly held. Wellington is one of the few regions where growth in new child spaces available is low, indicating the barriers for entry for new centres is quite high; making this a relatively rare purchase opportunity.

The centre is licensed for more than 50 and what makes it even more special is the centre is fully managed with the Vendor spending little time in or on the centre.

Profits have been very steady of the last three years with increased staff costs and rent costs offset by a steady increase in parent fees.

A lease though to 2037 is available if all lease renewals are taken up.

EBITDA over the last three years has averaged $288,200 and occupancy currently sits at 94%.

Priced fairly at $1,100,000 this centre will sell quickly.

If you are interested and would like more information about this business, visit [Web Link Censored], register your details and submit the online Confidentiality Agreement. Once Peter 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 2020.

Property Code: 1375

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