Peritus Childcare Sales, as exclusive sales and marketing agents is pleased to present for your consideration Chester Hill Sunnyside Early Learning Centre, a robust, perfectly sized 56 place long day care childcare centre commanding an exceptionally convenient location directly opposite Chester Hill North Public School, boasting three street frontages offering significant exposure.

Expression of Interest Closing Friday 14 June 2024

• The asset is an exceptional 56-place long day care childcare leasehold opportunity located on Campbell Hill Road, Chester Hill (25km west of Sydney CBD)
• 6-year weekly utilisation track record (July 2018 – April 2024) averaging 78%
• Current daily fees of $119 (0-2), $117 (2-3) and $113 (3-5) offering further upside potential
• Very sustainable and attractive rental with a passing base rent of only $3,000 / place ($168,000 per annum), reflecting a 10% occupancy cost ratio
• Robust and stable defined catchment area Demand:Supply ratio of 2.7:1
• Meeting NQS in all 7 Quality Areas
• Last 12 months (LTM) Normalised EBITDA of $298,000 (May 2023 – March 2024)
• 12-month Pro-forma EBITDA (net profit) potential adopting current fees and a stable occupancy at 90% of approximately $420,000 (adopting industry averages)
• The centre offers a first-time operator the perfect opportunity given its currently trading at 73% occupancy (LTM) and 63% (current), offering significant upside potential

“A rare opportunity to acquire an easy management entry-level 56 place childcare centre, boasting three street frontages and strategically located directly opposite Chester Hill North Public School (429 students), offering exceptional connectivity and convenience to the catchment area residents”