Preschool Montessori Center Including Real Estate For Sale

Business description

Preschool, Montessori Center including Real Estate:

Asking Price: $1,750,000 Down Payment: $350K
2008 Projected Revenues: $647K 2008 Projected Sellers Discretionary Earnings: $320K
Licensed Capacity: 76 Children Location: San Francisco Bay Area
SIC Code: 8351

Price has been drastically reduced for a quick sale. Real Estate is estimated at $1Million and Business is valued at $750K.

Real Estate: 3,200+ square foot building on approximately a 15,000 SF lot. The building has undergone major improvements since the current owners bought it. New Roof, new windows, outside of the building painted, two bathrooms remodeled, additional playground created.

This center is located in an excellent neighborhood of a major city in San Francisco Bay Area. The demand for childcare in this area is extremely high, as indicated by the full enrollment. The current fee charged by this centers extremely competitive and the 2008 fees have been raised by 5% effective March. It has excellent reputation and has very satisfied children and parents.

This center has been in existence since 1979 and has been under current ownership since 2004. The owner acts as the Director. Licensed capacity is 76 children. It has a Montessori program. It provides services for children from 2 years to 6 years old. The services provided include Potty Training, Preschool Program, as well Kindergarten Program. The center has many seasonal events that allow children and their parents to participate.

There are 8 teachers, including two fully qualified teachers. Two teachers are qualified to act as Director.

Sellers Discretionary Earnings shown assume that the Buyer is purchasing the business with all cash, and that Buyer will be working full time as the Director of the Center. For qualified individuals, business will qualify for an SBA loan with $350K down payment. Sellers Discretionary Earnings for a full-time working owner, after annual loan payments for this loan, is expected to be around $190,000.

We are looking for Buyers who have extensive experience in preschool/day care centers.

Confidentiality is extremely important to the current owner. Hence all prospects must complete a Confidentiality Agreement and a Buyer Profile. Broker will review them before the details of the opportunity will be disclosed.

Property information

Real Estate:

Real Property Included

Lease terms:

Real Estate is included in this offering.

Location:

Major City in Bay Area

Other information

Support & training:

Negotiable

Reasons for selling:

Other Interests

Trading hours:

6AM to 6PM

Financing available:

SBA Financing is available for qualified individuals.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Related documents:

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