Industry: |
Child Care Centres
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State: |
Queensland
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City: |
Near Cairns
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| 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 |
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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.
|
|
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.
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