Sold

Hamilton ECE, Licensed for 65+

SOLD

Hamilton based ECE
Current Licence over 65 - Can be up to 100 (circa)
Solid Occupancy
T/O circa $1.150M

This purpose built, stunning centre has quickly become a key part of the local community and is on track for an EBIDTA of between $200K - $250K (financials yet to be finalised for 18/19).

The 19/20 EBIDTA forecast is for $300 - $350K.
2017 Turnover Circa $750K
2018 Turnover Circa $950K
2019 Turnover Circa $1.150M

The hard work has been done; the centre is nicely occupied with room for growth, the stable team of staff are excellent and the families of children who attend are very happy. The vendor is simply selling to focus on another opportunity.

Typically a centre with a 70 licence, solid occupancy etc will show $300 - 350K as an EBIDTA, a 100 licence will show $400K - $500K.

There is the added option of purchasing the freehold; a new, purpose built building. The Landlord/ Vendor is in the process of having this valued.

The centre is price by negotiation so please get in touch if you would like to know more - You need to first submit an online confidentiality agreement by visiting www.barkerbusiness.co.nz/BBS2489. Once Brett receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2019.

Details

Region Waikato
Price SOLD
Business ID BBS2489
Category Education/Training

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