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55 Licence, Lovely Rural Canterbury ECE

$495,000

Asking $495,000, this gorgeous rural childcare centre was established over 10 years ago by passionate educators and is currently licensed for 55 children and with nearest competition over 25 kilometres away, what an opportunity!

Returning a surplus of $194,000 PA to part time owners, they tell us that by design, occupancy is sitting at 70% with a waiting list which suits the current owner's ideal teacher ratios. It's conceivable that a new owner could improve the surplus to $240,000 with full occupancy.

There are two very good options here:
1. Buy the business at just $495,000 and lease the buildings
2. Buy the freehold for a further $1,095,000 and receive an additional rental return of $89,000pa which is ROI of 8.13%.

This is a well thought out education model set up by industry experts in a brilliant location with premises that are large enough for future expansion.

An ideal business for a qualified teacher or even a hands-off investor to operate under management as there are several staff, with guidance capable of a management role. The other thing about this rural centre is they are always able to attract staff which is not the case for some urban ECE's.

The future looks bright for a new owner who takes over this well-run centre with a compliment of excellent staff, systems, and facilities.

Full asking is $1,590,000 which includes the Business and Freehold.

If you are Interested and would like more information visit www.barkerbusiness.co.nz/3063, register your details and submit the online confidentiality agreement and once Doug receives this he will be in touch.

Licensed REAA 2008. Copyright Barker Business Brokerage 2021.

Details

Region Canterbury
Price $495,000
Business ID 3063
Category Education/Training

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