Top Shelf ECE Centres (North and West) AKL 200+ LicenseListing: #EL03063
About this Business for sale in North Shore CityTop Shelf ECE Centres (North and West) AKL 200+ License
2x Purpose Built CHILDCARE Centre in amazing locations
Centre 1. Fast developing Prime North Auckland Suburb.
Centre 2. Busiest West Auckland Location.
- Licensed for 200+ including 50 Under 2s for both locations combined.
- Current Occupancy North AKL 56% and West AKL 63%.
- Current combined Parent Fee Circa $23000 per week and growing.
- Combined EBITDA of $531,000 at current occupancy and growing.
- Combined SDE of $716,957 at current occupancy.
- 4 Months Rent FREE offered for both locations.
- New ADLS lease established with the purchaser at $312,000 p.a. and $257,400 p.a. plus GST plus outgoings for North and West Auckland, respectively. Terms of lease 15 + 10 + 10 years. *Further terms and conditions apply.
Total Asking Price $2.1m neg. as a going concern for combined locations.
The vendor prefers to sell both locations together but can look at individual locations
It is truly a once in a lifetime opportunity, at such a realistic price as typical sales multiple is more than 4.0x EBIDTA currently for a Centre of this nature and quality. My vendor has kept it reasonable as they want to retire after more than 15 years in the ECE business.
To find out more, you will have to complete a confidentiality agreement which can be done easily by visiting www.linkbusiness.co.nz and type EL03063 in the search bar and once on the listing page click the “Enquire Now” button to complete an online confidentiality agreement.
Once Mohit Gupta has your CA, he shall be in touch with you. Please note No information shall be shared online without meeting with Mohit Gupta and our financial broker. As per instructions from the vendor, you will be requested to demonstrate financial ability to make the purchase, before getting access to any confidential information on the businesses
Disclaimer - Source of information and financials are supplied by the Business Owners. Due to the confidentiality of this business, a stock photo image may be used to represent the business.
+64 9 579 9226
+64 21 244 8782
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.