Childcare Centre for Sale - North Shore

$595,000

-  Current Licence for Circa 40
-  EBIDTA (Adjusted) circa $100k
-  Asking $595k*

*The asking price is based on what the centre is currently doing and what it could be doing...

This lovely centre is a great buy for a raft of reasons; rent under $40 per child per week, great location, excellent team in place and with plenty of excellent staff, there s room for growth.

Currently we feel there is space for 70 circa children.

Forecasted EBIDTA** on a typical 40 licence is circa $200,000.

A forecasted EBIDTA** on a 70 licence is $350k.
** This is always based on staffing at around 55%, occupancy of 80% plus which is achievable.

To expand the centre no major works is required, mainly just the ministry paperwork and approval.

The owning family is retiring from the childcare business due to genuine health reasons.

A centre shows an EBIDTA of $200k is worth circa $800k, a centre showing an EBIDTA of $350k is worth around $1.4M roughly (4x EBIDTA).

The centre is price by negotiation so please get in touch if you would like to know more You need to first submit an online confidentiality agreement by visiting www.barkerbusiness.co.nz/BBS2672. 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 2020.

Details

Region Auckland
Price $595,000
Business ID BBS2672
Category Education/Training

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