SOLD

Peritus Childcare Sales, as exclusive sales and marketing agents are proud to present Allambie Bush Kindy, a highly profitable and rare 60 place early learning centre and separate OSHC service currently trading at a 79.3% utilisation (LDC)

Expression of Interest Closing 5pm Monday 5 December 2022

• The asset is an exceptional 60 place long day care childcare leasehold opportunity
• $339,000 FY22 EBITDA (net profit) from the long day care service
• Separate highly profitable OSCH service with over 150 families, generating an additional $350k-$400k per annum (historical long term performance)
• located within the grounds of Allambie Heights Public School offering a unique point of difference and significant synergies with the school and local community
• Last 5 years average weekly utilisation (July 2017 – June 2022) of 72.7% (LDC)
• $511,000 EBITDA Potential (@90%)
• FY22 average weekly utilisation 68.8%
• FY21 average weekly utilisation 73.9%
• FY20 average weekly utilisation 74.5%
• Current daily fees of $140 (2-3 year olds) and $135 (3-5 year olds)
• Very sustainable market rent of $1,833 per place ($110,001 per annum), reflecting a rental occupancy cost ratio of only 5%
• Lease expiry in January 2026
• Allambie Heights is a highly desirable and affluent suburb located approximately 17km north of Sydney CBD in the tightly-held Northern Beaches region of Sydney
• Allambie Heights is located within the Northern Beaches Council Area which is an economic powerhouse, generating Gross Regional Product
  (economic output) of approximately $18.5 billion per annum. There is a total of approximately 110,000 local jobs and 33,000 local business

Rarely is a medium-sized, highly profitable centre located within the grounds of a major primary school with an additional OSHC service, with significant upside potential offered for sale

***Offered in conjunction with WillowBee Early Learning Centre Willoughby/Chatswood and The Lookout Mosman or Separately***