Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Early Learning on Bribie, a high performing 43 place childcare centre trading at 98% occupancy, located in booming NSW South Coast region of Shellharbour, 130km (1.5 hours) from Sydney CBD with average daily fees at $146 per day, strategically
located directly opposite (20 metres) Shell Cove Public School with significant value upside remaining

Expression of Interest Closing Wednesday 20 December 2023

• The asset is an exceptional 43-place long day care childcare leasehold opportunity generating $331,000 FY23 Normalised EBITDA
• Current daily fees of $155 (0–2), $155 (2–3) and $136 (3–5)
• FY24 Pro forma EBITDA potential adopting current fees at 95% hold utilisation $422,000
• FY24 Pro forma EBITDA potential adopting current fees at 100% hold utilisation $498,000
• L12M average weekly utilisation track record of 88.5%
• Very sustainable passing rent of $3,098 / place (8% of revenue)
• 33 years lease term remaining, expiring 10/2/2057
• High demand defined catchment area fundamentals reflecting 3:1 (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"