Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Little Cherubs Childcare Centre, Gerringong, NSW, a high performing 30 place childcare centre trading at 100% occupancy, located in booming NSW South Coast region of Shellharbour, 130km (1.5 hours) from Sydney CBD with average daily fees at $151 per day, trading at an average weekly occupancy of 96% every week from November 2021 to October 2023

Expression of Interest Closing Wednesday 20 December 2023

• The asset is an exceptional 30-place long day care childcare leasehold opportunity generating $324,000 FY23 Normalised EBITDA
• Rated Exceeding National Quality Standards
• Current daily fees of $155 (0–2), $155 (2–3) and $150 (3–5)
• FY24 Pro forma EBITDA potential adopting current fees at 95% hold utilisation $324,000
• FY24 Pro forma EBITDA potential adopting current fees at 100% hold utilisation $363,000
• Long term average weekly utilisation track record (February 2022 – October 2023) of 96%
• Very sustainable passing rent of $3,800 / place (9.7% of revenue)
• 30 year  lease term remaining, expiring 2054
• High demand defined catchment area fundamentals reflecting 4.7:1 (Demand: Supply Ratio)
• Recently refurbished, offering a true walk-in-walk-out opportunity
• Easy management centre

"A very high quality, strategically located centre with significant upside potential, a unique opportunity which wont be repeated"