UNDER CONTRACT

Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration JJ’s Academy Blacktown, an easy management, extensively refurbished, ideally located 36 place early learning centre located in a strong and robust catchment area, offering a rare walk-in -walk opportunity in a tightly held region with strong childcare demand.

Expression of Interest Closing Wednesday 3 April 2024

• The asset is an exceptional 36-place long day care childcare leasehold opportunity located on Sutton Street, Blacktown
• Very sustainable and attractive lease terms, with a term certain period extending to 13/10/2043 (almost 20 years remaining) and a passing base rent of only $3,447 / place
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $380,000 (adopting industry averages)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 90% of approximately $285,00 (adopting industry averages)
• 19.5 -year lease term remaining (including options) expiring 13 February 2043
• Sustainable and affordable base rent of $120,647 p.a. ($3,351 per place and 10.8% occupancy cost ratio)
• No babies, offering ease of operations. The centre provides care for 3-5 year old children
• Approximately $100,000 has recently been spent on an extensive refurbishment
• Nothing needed for new operator to commence, offering prospective purchasers a true walk-in-walk-out opportunity
• The centre offers a first-time operator the perfect opportunity given its currently trading at 60% occupancy, offering significant upside potential
• Current daily fees of $122 offering significant upside potential
• Very high defined catchment area Demand: Supply ratio of 4.1:1 significantly stronger than the NSW and National averages

"A value-add opportunity offering significant upside potential"