This long established preschool, set in a rapidly developing area of san diego, with numerous commercial and office buildings nearby, currently has a licensed capacity of over 160 children. The yard is well laid out and very child friendly. The interior of the building has large, open classrooms and a multitude of educational and developmental equipment.
The rent is very competitive for the size and location of the building, at $15,700 per month.
The school has shown a consistent growth over the past several years, with the influx of parents employed at the local commercial buildings nearby. They have increased annual gross income by approx. $300,000 each year for the past several years. Current enrollment is about 90, comprised of infant/toddlers and preschool children.The owners, who have been at this location for about 25 years, are selling in order to retire.
Since there is a qualified director on staff, this school is an excellent opportunity for a semi-absentee owner or for someone that wishes to be the owner/director.
The selling price is $1,750,000. Due to the good cash flow and accurate, precise financial records of the seller a bank loan is an excellent possibility for a qualified buyer. Probably down payment required by a bank, depending on buyer's background and capabilities would be approx. $350,000.
Great opportunity for a knowledgeable and motivated owner to profit from an already considerable cash flow with the chance to almost double the income since there is considerable space to add more students.