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Childcare For Sale in Auckland

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Wellsford Childcare Development Opportunity

Location:Auckland

Category:Child Care Center

Asking Price:$By Negotiation

2100000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Wellsford Childcare Development Opportunity

Business description

Based on what I believe is the best development site in Wellsford – earmarked for the Northern Auckland Motorway to go through to in the future is this Wellsford opportunity.

Plans have been submitted, RC granted with the BC not far behind. This will be a 100 licence ECE (it is possible to go bigger if you choose) ECE and... as an added bonus, 5 extra residential sections of approx 600 sq/m each.

The site currently has an unused school on site. The removal will be at the purchasers cost in which we have obtained 2 quotes for $75K and $100K.

Development of an ECE this size is expected to be around $1.2M as a rough guide. When the ECE is licensed we would expect the rental to be circa $250,000 per annum ($48 per child licence) and have a value of circa $4.5M (5.5% yield).

Price is by negotiation.

Please get in touch if you would like to know more – You need to first submit an online confidentiality agreement by visiting [Web Link Censored] . Once Brett 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 2019.

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