Singapore  Singapore

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Listing Id: 33424 Last Refreshed: 16/11/2024 Total Views: 26

Prime East Coast Landed Childcare For Takeover

BedokChildcare and Kindergarten
Asking Price: S$1,300,000
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type N/A
  • Premise Size 6309 sqft / 586 sqm
  • Monthly Rental S$5,350
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Investor
  • Staff 8
  • Established 9
  • Source Broker

Reason For Sale

Operator looking to exit

Description

Landed childcares are extremely rare, and this centre is located in the affluent East Coast area
Full capacity (exceeding cap) and highly profitable with costs kept very lean, this presents an excellent opportunity for a stable investment.
Capacity: 42
Enrolment: 46 (Jan25 - exceeding capacity approved by ECDA)
Only 10 K1s and 2 K2s in 2025, so enrolment in coming 2 years will be VERY STABLE, mostly local students
Fees: $1,490 (full day)
Revenue: ~$65k
Size: 6309 sqft (land size)
Lease term: Till Mar27
Rental: $5,350 (extremely low!!)
Staffing: 8 (1 Principal, 6 teacher, 1 cook/cleaner - 7 Singaporeans)
Staff cost: ~$30/mth (incl CPF)
Misc cost: $4.7k ($2k sch bus, $1.5k food, $1.2k others)
Total monthly operational cost: ~$40k
MONTHLY NETT PROFIT: ~$25k

Nearby Alphabet Preschool has changed to Mulberry and increased fees to >$2k, many parents are leaving and coming to this pre-school as its within the vicinity.

ASKING PRICE: $1.3m

Business Operation

Low and long rental
Stable enrolment
Full capacity
Large outdoor playground
Facilities
1yr support during transition, option to acquire company/brand with no license/royalty fees
Support and Training

Property Information

Rent
Premise Status
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