Operator wants to divest and move funds to another business
Description
EduGrow.sg | Centre Code: EG40 | Whatsapp/Call: Benjamin 98807751 | This is a profitable, well renovated and large capacity childcare located in a prominent building in Woodlands with great frontage. Established 3yrs+ ago, the centre has been growing steadily and presents a great opportunity for an operator to come in to build up from here. Starting a similar sized centre and growing from scratch will incur huge costs and time, save yourself that headache by taking over this established centre and profit from day 1 of operations.
Key Summary: Capacity: Over 100 (with potential to increase by ~30 by converting the indoor playground areas to classrooms) Enrolment: 60%+ full (uptrend since opening 3yrs+ ago) Size: A massive 6,070 sqft of indoor space, with outdoor playgrounds Revenue: ~$100k/month Staffing: 15 staff on payroll Operating cost: ~$80k/month Lease term: 3yrs, expires on Mar 2027 - Centre is GST registered
Centre was fully renovated from scratch in early 2021, and comes with full CCTV setup. Centre is run mainly by the principal, and the operator does not need to be present. ZERO debt in the company. 4 enrichment programs offered by the centre (Chinese speech & drama, maths, sports and music). High demand from the large residential catchment nearby.
NDA is required before more info can be revealed.
Contact Ben at 98807751 today to learn more about this opportunity.
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Property Information
Rent
Premise Status
3+3 expiring in Mar 2027
Lease Term
6,070 sqft of indoor space, with outdoor play areas