SOLD

Peritus Childcare Sales, as exclusive sales and marketing agents are proud to present Red Gum Childcare, Dubbo, a best-in- class 100 place early learning centre located within the economic powerhouse region of Dubbo, NSW.

Red Gum Childcare boasts a net profit (EBITDA) of $724,000 (FY22) with significant upside potential remaining, plus a very sustainable rent and over 30 years of secured lease term.

Rarely is a large, dominant and highly profitable centre such as this offered to market - a once in a generation opportunity which will not be repeated.

Expression of Interest Closing 5pm Friday 9 September 2022

• The asset is an exceptional 100 place long day care childcare leasehold opportunity currently generating $730,000 (FY22), $790,000 (FY21) EBITDA (net profit)
• Forecast FY23 EBITDA (adopting new fees) $890,000
• Last 5 years average weekly utilisation (July 2017 – June 2022) of 85%
• FY22 average weekly utilisation 90%
• FY21 average weekly utilisation 92%
• 200 metres from Laurence's Primary School (206 students
• 350 metres from Dubbo South Public School (660 Students)
• Demand: Supply Ratio of 2.7:1 (Defined Catchment
• Located in the economic powerhouse Dubbo Region with $3.7 Billion GRP
• Last 12 months average weekly utilisation of 90%, offering further upside potential
• Very sustainable market rent of $3,000 per place reflecting a rental occupancy cost ratio of only 10.7%
• Current daily fees of $110 (0–3-year olds), $106 (3-5 year-olds)
• 15-year lease term-certain period plus an additional 15 years of further option periods (a total of 30 years of secured lease tenure)
• High-quality improvements, fitout and resources offering the most dominant and best-in-class service offering within the catchment area
• Defined catchment area 0-5 year old population growth over the next 10 years is 1.6% per annum
• FY23 forecast EBITDA (net profit) assuming an additional 5% increase in utilisation to 95% is $990,000
• EBITDA margin potential (net profit margin) of 30%
• 13 Schools within the defined catchment area of the centre
• 1 hour direct flight from Sydney