Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Cool Bananas Childcare and Preschool (Cool Bananas), a best-in-class 134 place early learning centre located in one of Australia’s strongest 0–5 year old population growth catchments, with a strong (4.5 year) track record of averaging 96.4% weekly occupancy and a 34% profit margin. Rarely is a large, dominant and highly profitable centre generating a net profit (EBITDA) of $1.6m with a very sustainable rent offered to market, a once in a generation opportunity which will not be repeated.

• 134 place centre with a 5-year track record of maintaining an average weekly utilisation of 96%
• FY21 EBITDA of $1.58m
• FY20 EBITDA of $1.65m
• 12m Pre-Covid EBITDA of $1.56m
• Last 12 months average weekly utilisation of 99%
• FY21 average weekly utilisation of 98%
• FY20 average weekly utilisation of 99%
• Very affordable rental of $2,690 per place representing 8.30% of revenue
• Very low rental increases of only CPI per annum
• Current daily fees of $140 (0-2) / $130 (2-3) / $125 (3-5)
• Recent $850,000 capex spend on building extension and renovations
• Strategically located on Windsor Road, capturing 50,000 passing vehicles per day
• 15.5 years remaining on lease
• Defined catchment area 0-5 year old population growth over the next 15 years is 4.55% p.a. which is 4.1 times (+313%) stronger than the national average over the same period