Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Little Zak’s Academy, South Wentworthville, an easy management, proven high performing 29 place early learning centre generating $163,000 net profit (FY23), offering a rare walk-in-walk-out opportunity in a tightly held region with strong childcare demand. This centre is rare example of a very easy management, small sized centre with a long-term lease remaining at a very affordable rental level.

Expression of Interest Closing Wednesday 20 December 2023

• The asset is an exceptional 29-place long day care childcare leasehold opportunity generating $163,000 EBITDA (FY23)
• The centre offers a first-time operator the perfect opportunity given its proven long-term track record of maintaining 88% occupancy for the past three years,
• Robust daily fees averaging $123,
• Defined catchment area Demand:Supply ratio of 2.7:1
• Current daily fees of $125 (0–2-yearolds), $125 (2–3-year-olds) and $120 (3–5-year-olds)
• FY24 Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 95% of approximately $228,000
• FY24 Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 100% of approximately $260,000
• Average weekly utilisation (occupancy) of 83% and $62,625 (average weekly revenue) (FY23)
• 16-year lease term remaining (including options) expiring 30 September 2040
• Sustainable and affordable base rent of $114,473 p.a. ($3,947 per place and 12.3% of Revenue)
• Average household income of $112,767 per annum, 3% higher than the national average

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