$695,000 LAND / BUILDINGS
= $1,045,000 TOTAL
A brilliant little centre has now come up for sale in the Hamilton area. There is a total license of circa 24 children, with room to increase, and land area of 764 sq/m approx. The centre owners live a fair way away from Hamilton so the centre is run fully managed.
This ECE centre is operating very well, almost at capacity and with current returns of circa $100,000 EBPIDT (to one working owner - i.e that is what you would make if you worked in the centre removing the current centre manager) with room for growth. Building valuation is based on rent of $52,000 with a 7.5% yield.
Asking only $1.045M it is priced to sell. A working owner could expect to make reasonably $150K p/annum (EBPIDT) and there is room for growth.
Before any information can be released to you about this opportunity, you will need to register yourself at www.barkerbusiness.co.nz/BBS2233 and submit an online Confidentiality Agreement. Brett will be in touch soon after he receives it to discuss the finer details. If living in Auckland and we have not already met, you will need to come and see me at my Albany office to go through the full IM (Information Memorandum) and financials of the business. Please be aware STRICT CONFIDENTIALITY APPLIES.
Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2018.