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Listing ID: 2674919

Private School With Property For Sale

West Rand, Gauteng, South Africa

R 20,000,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: R 10,500,000

Cash Flow: R 2,316,000

Business Description

This school has grown from 64 pupils in 2008 to a current total 250+, but can easily accommodate many more students. The school comes with 6 properties, with a number of adjacent properties willing to sell thereby providing potential for significant expansion.

In 2009 a double-story classroom block was built to cater for the additional demands of enrolment in the school

The academy is situated in a prime location in a well-established and upmarket residential area and just off many main arterials. The owner has spared no cost in providing a loving and caring environment where pupils are known by their name. It comes with a fully equipped kitchen, complete very well-equipped play area, with a large sand pit for the younger kids, as well as a large play area under artificial turf for the bigger kids to play netball, softball and soccer. It has good security, a thriving facebook page with a very user-friendly website.

This school is registered with the Department of Education and is registered to operate from Pre-primary children, to Grade 1 – 12. The property has been zoned accordingly.

Unfortunately, the seller is looking to retire and is seeking a buyer who will be able to take this school to a new level. The seller is asking R33 million (including property) for this beautiful school/learning environment that is well situated on a number of major routes.

Property Details

Years Established:

1986

Property Type:

Real

FF&E:

R 866,000

Real Estate Value:

R 14,400,000

Other Details

Business Location:

This school is situated in a prime location in a well-established and upmarket residential area. It is in a safe area but close to a number of main roads and is close to a number of upmarket suburbs like Fairland, Constantia Park, Panorama, etc.

Premise Details:

The academy is situated on large grounds comprising 6 properties. Besides the buildings the play area is large very well equipped and child friendly. For example, the playing area has jungle gyms, large sand pit for the smaller kids and a large area to play for the bigger kids.

Expansion Potential:

This academy offers a number of opportunities to a potential buyer: - Increase the pupil - teacher ratio - Holiday care - Existing space can be converted to allow for additional classes - Run weekend classes (for adults / children) - Purchase adjacent properties to allow for more class rooms.

Operation Details

Employees:

32 (22 Academic Staff and 10 Other Staff)

Miscellaneous

Reason For Selling:

Owner Retiring

Contact this seller

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