Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration Boombalee Kidz Wollongong, a robust, entry level, 33 place long day care childcare centre trading at 92% occupancy, boasting a very affordable total annual rental of only $85k.

Expression of Interest Closing Tuesday 29 October 2024.

• The asset is an exceptional 34-place long day care childcare leasehold opportunity located in the tighly held suburb of Wollongong (10th largest city in Australia)
• Long term weekly utilisation track record averaging 83%
• Current daily fees of $153 (0-2), $153 (2-3) and $149 (3-5) offering further upside potential
• Very sustainable and attractive rental with a passing base rent reflecting a 6.8% occupancy cost ratio (only $85k per annum)
• Very attractive lease terms on offer with over 23 lease years remaining, offering exceptional terminal value and asset value protection
• Stable defined catchment area Demand:Supply ratio of 2:1
• Meeting NQS in all 7 Quality Areas
• FY 2024 Actual Normalised EBITDA of $196,000
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $280,000 (adopting industry averages)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $318,000 (adopting industry averages)
• The centre offers a first-time operator the perfect opportunity given its currently trading at 92% occupancy, with a long history of holding an average of 83% occupancy with a very affordable rent

“A rare opportunity to acquire an easy management, perfectly staffed, entry-level 33 place childcare centre, trading at 92% occupancy with 23 years left on the lease "