Summary

Sought-After School. Good profits. Lovely purpose built and renovated school buildings. This deal includes the property valued at R4.6 million via a bond registered in the name of the company.

Give me more information

Fully describe the business's activities?

Lovely school in a lovely quiet suburb. Only 8 kids per classroom. This school's income was not affected by Covid. The parents continued paying to secure their children's places in the school. Well sought-after. People travel from various areas to be a part of this school - not just from the immediate local community. There is also an aftercare group which produces income. The deal includes the property via a bond registered in the name of the company. The property and its building are valued at R4.6 million.

How does the business operate on a daily basis?

The owner currently acts as principal and also does some teaching. There are 6 x other teachers + 3 x ground staff.

What Advertising/Marketing is carried out?

There is an active website but mostly parents apply because of referrals.

What competition exists?

None really. This is a unique school. This school is not area-bound at all. KIds come from all over.

Do any have management potential?

Yes, there is a member of staff who could and would enjoy taking on the principal's role.

How involved is the Owner in running the business?

The owner is involved in the business on a daily basis. She is prepared to be involved for 6 to 12 months after the purchase and handover, if neccessary.

When does the current lease end?

The property is owned by the company. It is valued at R4.6 million and can be accessed via the bond which is in the name of the company. This property is in immaculate condition.