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Child care centre for sale - Cairns |
Child care centre for sale - Cairns details:





This purpose built 40 plus licenced centre has been establish for nearly three years in a growing North Queensland area. All centres take time to mature in terms of occupancy and this centre is no exception trading at approximately 48% occupancy.
The centre is operated by a full time director and is fully managed. Set on 2000 sq meters there is plenty of room for expansion as and when demand warrants. This is a solid return on investment that has not reached its full maturity.
Ideal as a starter premises or as an investment.
Childcare Centre Trading Results |
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|
Annualised |
YTD 2008 |
2007 |
2006 |
Income |
$319,000 |
$203,492 |
$329,535 |
$404,365 |
Owner Operator Profit |
$148,532 |
$80,016 |
$79,143 |
$53,505 |
Under Management |
$108,290 |
$59,895 |
$39,143 |
$13,505 |
There are a number of purchasers that use a per place method of appraising the value of the childcare centre, in this case the asking price per place is $17,857 which we believe is very reasonable considering the location and the possibility of expansion.
As for a return on investment if you consider this proposition as “under management” then it is estimated the ROI is about 14.4% if you are an owner operator then the ROI is closer to 19.8%. An owner operator or an astute investor who is prepared to wait and grow the business will benefit greatly with capital growth in the freehold value and profitability.
Industry: |
Child Care Centres |
State: |
Queensland |
City: |
Near Cairns |
Child care centre established: |
3 years |
Number of Employees: |
6 |
Reason for Sale: |
Diversifying assets |
Adjusted Net Profit: |
$148,532 owner operated |
Child care centre revenue: |
$319,000 |
Plant and equipment: |
$TBA |
Freehold: |
$TBA |
Licenced for: |
40 plus children |
Asking price:
|
$750,000 plus GST
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