Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Lakeside Creative Minds ELC & Preschool, a rare 39 place leasehold opportunity offering an easy management centre with 19.5 years lease term remaining at an affordable $74k rent p.a.

• A rare opportunity to acquire an easy management, highly profitable 39-place long day care childcare centre trading at 74% occupancy for the past 3 years with significant upside potential remaining.
• EBITDA (net profit) potential at 95% is approximately $270,000
• Very sustainable base rent of $74,000 per annum, $1,897 per licenced place reflecting a very affordable and sustainable occupancy cost ratio of 8% (8% of Gross Revenue)
• Last 3 years average weekly utilisation (July 2019 – April 2022) of 74% Strong CCS collection ensuring robust income security
• The centre is a best-in-class example of a very efficient and profitable centre securely leased until 25 November 2041, (19.5 years remaining)
• Current daily fees of $90 (2–3-yearolds) and $88 (3–5-year-olds)
• Average household income of $71,859 per annum
• 6 Schools within the defined catchment area
• The centre presents to a good standard, offering prospective purchasers a true walk-in-walk-out opportunity
• The centre draws significantly more market share given its strategic corner location
• Raymond Terrace is located approximately 27km north of Newcastle (30-minutes’ drive-time) and 18km east of Maitland (15-minutes’ drive-time).