Peritus Childcare Sales, as exclusive sales and marketing agents, is pleased to present for your consideration Little Zak’s Academy Ultimo, (LZ Ultimo), a best-in-class 74-place early learning centre, currently trading at 90% occupancy.

Expression of Interest Closing Monday 9 October 2023

• The asset is an exceptional 74-place long day care childcare leasehold opportunity generating $458,000 FY23 Normalised EBITDA
• Rated Meeting National Quality Standards in all 7 areas
• Current daily fees of $160 (0–2-yearolds), $150 (2–3-year-olds) and $140 (3–5-year-olds)
• EBITDA potential adopting current fees, current staffing, current rent and the 5-year average weekly occupancy of 88% is $575,000
• Pro forma FY24 EBITDA forecast adopting +$5/day fees, current staffing, current rent and a weekly occupancy hold of 85% is $540,000
• EBITDA potential adopting +$5/day fees, current staffing and a weekly occupancy hold of 95% is $830,000
• Full contingent of stable staffing with FY23 representing $1,275,000 (54% of revenue)
• Last 5 years average weekly utilisation (July 2018 – August 2023) of 88%
• FY 22 average weekly utilisation of 86% and Normalised EBITDA of $613,000

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