Seller's Contact Information
- RE: Preschool With Opportunity For Expansion
- Contact: Bill West
Quick Facts
Asking Price: | $350,000 | |
Annual Revenue: | $591,911 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $217,371 | |
Total Debt: | Not Disclosed | |
FF&E: | $10,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2019 | |
Employees: | 8 | |
BBN Listing #: | 372711185 | |
Broker Reference #: | 170-04302 |
Business Overview:
*Contract Pending*
Very well located new preschool facility with stabilized income and opportunity for expansion. This business was opened in 2019 and began ramping up in 2020 when COVID hit. The business struggled to gain traction through this period and began full operations in 2021. The school is profitable with the current enrollment of 51 students. An additional 13 students could be added with 1 new teacher and there is capacity to increase enrollment to 75 students with minor improvements to the facility. The school is located in multiple economic improvement zones and the enrolled population provides additional cash flow streams and parental benefits. As an example, all students currently receive lunch at no cost to the parents.
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Property Features and Assets:
Inventory: $3,400 (Included in asking price). Lease/Month: $2,560. Square Footage: 4,235. Building Type: Strip Center. Terms & Options: 5/5. Expiration Date: 6/1/2029. Leasehold: $35,453.
Reason for Selling:
Pursuing Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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