Private School in Mpumalanga for sale

There is an authentic, well positioned Montessori school with a large property in the province of Mpumalanga looking for buyer who is willing to take over the school as the current owners would like to retire.

The school currently caters for learners from 3 years old to International Matric and level 5 Higher Certificate. The school has the necessary consent for 150 learners and currently has 114 learners. The school premises is a large double storey building specially renovated to accommodate the school.

The school currently generates an income of around R176,000.00 per month and after expenses of around R63,428.00 per month, has a net profit of R112572.00. Not a bad return but it is obvious that the sellers are not driven by money.

The school has facilities for 8 boarders – there are currently 5 boarders - and there are plans in place to also convert the second house on the property into boarding facilities to host another 8 boarders thus making a total of 16 boarders.

There are two properties - one housing the school and the property has one of the boarding houses as well as the playing fields.

The seller s asking R10,500,000.00 for the two properties and the school.