Child care centre for sale - Cairns

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child care centre for sale cairns
child care centre for sale cairns
child care centre for sale cairns

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

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

 

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.

 

childcare centre for sale, cairns, queensland, qld, far north queensland

childcare centre for sale, cairns, queensland, qld, far north queensland

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