Childcare center with Real Estate in Contra Costa County
Business Price: $300,000 Real estate priced at $1,225,000
2018 Revenues Projected: $395,000 2018 SDE Projected: $111,000 after allocating $84,000 for rent, otherwise SDE is $195,000.
Pre-qualified for an SBA loan for well qualified buyer
Capacity in the range of 60 to 100 Location: Contra Costa County
Both business and real estate must be purchased together.
This long established and profitable child care center is in Contra Costa County. The business has consistently done well and can generate great income for the owner. Business serves children from two to six years old in its preschool program.
The SDE of $195,000 is the amount one full time working owner-director would have made if they had purchased the business and real estate with all cash. The loan payment for real estate is expected to be around $84K hence after allocating $84K towards rent, the business SDE would be $111,000.
The property was recently appraised for $1,225,000, the asking price for the property. It is a large lot with plenty of outdoor space and parking.
Buyer would need to personally qualify for a Child Care License. With director currently handling the day to day operation this center is suitable for owners of other centers that wish to add another center. This opportunity is also ideally suited for individuals with extensive experience and qualification in childcare and who have the qualifications to be the director of the center. The business is currently being run absentee.
The property was specifically built for a childcare center and has large outdoor space. There is room to expand the revenues by increasing enrollment.
Business is pre-qualified for an SBA loan for well-qualified individuals with good down payment and collateral.
Confidentiality of this transaction is paramount.