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Cbse Indian Curriculum School In Al Gharhoud For Sale

Al Gharhoud, Dubai, UAE
Freehold Price:
AED42,000,000
Lease Asking Price:
AED42,000,000
Sales Revenue:
AED4,200,000
Cash Flow:
AED29,000,000

Indian school for sale. Oldest Indian curriculum school of Dubai. 2,400 students. Acceptable Rating. Can get GOOD rating in the upcoming KHDA inspection. Excellent academic results. Two more school buildings in the same plot are available on long lease from same landlord for expansion up to 4,000 students. Current rent to the landlord: AED 5 Million per year. Gross Income: AED 29 Million Current net profit: AED 4 Million plus. Selling price: AED 42 Million.

Will require complete profile, proof of funds and LOI from the prospective buyer for further information. Consultancy fee of 2% on purchase price by buyer. Contact: Vijayakumar Nair, Managing Director, Golden Square Feet International, Dubai, UAE

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

15 years and extendable

Leasehold Rent:

AED5,000,000 per annum

Location:

Prime location, ideal for students to reach from Sharjah, Ajman and all parts of Dubai city

Premises Details:

Having 50 classrooms and 2 more buildings with 75 classrooms available in the same plot.

Planning Consent:

All approvals in place

Business Operation

Expansion Potential:

Current gross income of AED 29 million per year can be increased in the coming year to AED 45 Million

Competition / Market:

Lowest tuition fees in Dubai, thus no competition. 3,500 students were on waitlist last year.

Reasons for selling:

Owner died and next of kin not interested to run the business

Employees:
125
Years established:
1978

Other Information

Support & training:

School hours

Financing available:

Buyer needs to have own funding

Furniture / Fixtures value:
AED5,000,000
Inventory / Stock value:
AED50,000,000
Lease asking price:
AED42,000,000