Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Mini Skool Croydon, a best-in-class 31 place early learning centre rated as Exceeding, trading at 87% occupancy (L12M) offering a rare walk-in -walk-out premium opportunity. 

• The asset is an exceptional leasehold opportunity located in the premium inner-west suburb of Croydon, operating at 94% occupancy over the past 141 weeks, offering prospective purchasers a very robust downside risk protected utilisation rate
• $350,662 Net Profit (EBITDA) in FY19 with an average weekly occupancy of 99%
• $313,153 Net Profit (EBITDA) in FY20 with an average weekly occupancy of 97%
• The passing base rent is 55% below comparable market rents. The current rent is only $2,355 / place
• The centre is a best-in-class example of a very efficient and profitable small centre, located only 9.5km from Sydney CBD
• The opportunity to acquire a 31-place Exceeding centre, with a proven track record of strong occupancy (94% over the past 3 years), fully resourced and fitted out in a super-premium inner-west suburb of Sydney is very rare
• Current daily fees of $125 (0-3 year olds) and $120 (3-5 year olds)
• Licenced for 31 places with a strong wait-list reflecting the depth of demand and goodwill strength
• Net profit margin of 38.6%
• Extremely high barriers to entry in the trade area given the soaring land values, putting a natural cap on future supply
• Average household income of $115,542 per annum which is 13.2% stronger than the national average
• The centre presents to a remarkable standard, offering prospective purchasers a true walk-in-walk-out opportunity, no expense spared
• Mini Skool Croydon draws significantly more market share given its key location fronting Concord Road, near the corner of Queen Street and less than 500 metres from Parramatta Road, capturing 44,000 passing vehicles per day
• High proportion of dual working parents with dependent children representing 64.4% of the defined catchment area, 61% of suburb level resident population and 62.6% of the 5-minute drive-time catchment compared to the national average of 56%
• 4 Schools within walking distance from the centre