Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Create Imagine Learn Kiama Downs, an easy management, proven high performing 24 place early learning centre located in a strong and affluent catchment area, offering a rare walk-in -walk opportunity in a tightly held region with strong childcare demand.

Expression of Interest Closing Wednesday 20 December 2023

• The asset is an exceptional 24-place long day care childcare leasehold opportunity generating $158,000 EBITDA (FY23)
• The centre offers a first-time operator the perfect opportunity given its proven long-term track record of maintaining 100% occupancy, robust daily fees, sustainable lease terms and easy management qualities
• Very high defined catchment area Demand: Supply ratio of 4.9:1 significantly stronger than the NSW and National averages
• Current daily fees of $155 (0–2), $155 (2–3) and $150 (3–5)
• FY24 Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $205,000
• Average weekly utilisation (occupancy) of 100% and $16,332 (average weekly revenue) (FY23)
• 30-year lease term remaining (including options), expiring 2054
• Sustainable and affordable base rent of $91,200 p.a. ($3,800 per place and 9.6% of Revenue)
• Average household income of $110,857 per annum
• Nothing needed for new operator to commence, offering prospective purchasers a true walk-in-walk-out opportunity
• The centre opens from 7.30am to 6.00pm offering exceptional convenience to the catchment area families

"A very high quality, strategically located centre with significant upside potential, a unique opportunity which wont be repeated"