Listing #:3180405350

Central Auckland with Upside - 88+ Licence

Location: Auckland City, Auckland
Large childcare businesses are in limited supply in Central Auckland suburbs and especially with skyrocketing real estate prices in the current market, barriers to entry are only getting higher and costlier.

This is a future growth area with housing intensification and developments underway, as per the Auckland Plan and the recently proposed multi-storey housing near train stations. The 86+ licence childcare is located in a residential area with commercial outlets nearby and is operating at around 60-65% occupancy.

The owners have grown the centre gradually and are now moving out of Auckland, having to sell their business in a mid-way growth phase in line with their ECE specialist accountant's financial forecast of approx. $600k profitability including sub-tenancy rental income, an additional stream to the childcare business revenue.

This centre can appeal to a range of buyers, including qualified teachers/ ECE managers to take on an active role in the business and to those wanting to acquire a large childcare business in a busy central Auckland location. The current owner is not ECE qualified and oversees the centre running part time. A team of qualified teachers and reliever pool is in place, which should provide comfort for a smooth transition and growing the business further with fresh ideas and governance to maximise income and value.

The spacious centre with expansive playgrounds is established over a large land area of more than 2,000m2 and further potential to expand numbers can also be explored, in conjunction with the landlord and subject to required consents, once the occupancy is near capacity and aiming to accommodate future population increase.

Price $1,350,000

Note: Further information will be provided strictly to genuinely interested & qualifying parties only after submission of a Confidentiality Agreement & a face to face meeting as may be required at our office.

Contact Munish Verma - 021 113 9768 or MunishV@abcbusiness.co.nz

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Agency reference #: 32585
Asking price: $1,350,000
Listed: Fri 16 Jul, 5:55 pm
Munish Verma
ABC Business Sales Limited (Licensed: REAA 2008)
  • Contact details
  •  (021) 1139768
  •  (021) 1139768

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Agent's details

Munish Verma
  •  (021) 1139768
  •  (021) 1139768
ABC Business Sales Limited (Licensed: REAA 2008)
(09) 6301600

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