Unique State-of-the-Art Childcare
Asking Price: | $7,125,000 |
Gross Revenue: | $1,600,000 |
Real Estate: | $5,500,000 |
Cash Flow: | $215,648 |
FF&E: | $375,000 |
Established Year: | 2006 |
LOCATION, LOCATION, LOCATION!!! This 12,000 sq.ft "State-of-the-Art" preschool has it ALL! It's located in one of the fastest growing cities in the US and sits on 2 acres of prime commercial real estate. This school opened 15+ years ago. The current owner started it from the ground up and the school continues to provide quality education to this day. This school has had a stellar reputation for more than a decade. This facility has a licensed capacity of approximately 240 children with the current enrollment at 155.
The school has been an owner-operated campus with the matriarch retiring a few years ago. This business is highly sought after and presents a turnkey opportunity for any buyer. The school is modernized with no renovations, updates/upgrades needed. The layout is the perfect design for maximizing square footage and specified age group for each classroom. There are 12 spacious classrooms, gymnasium, a kitchen, teachers' lounge, and several multi age-appropriate playgrounds with a covered play area for all. The majority of the staff have been there long term and are dedicated to the parents and children as evidenced in their fabulous classrooms and curriculum carried out consistently year after year. The school has a director and curriculum coordinator/asst director in place.
The gross revenue for this school is $1.6M currently at only 63% capacity/occupancy, with the opportunity for an immediate increase in revenues for 37% ($560,000 a year) with little-no additional expenses. They have only accepted a limited number of FULL-TIME private pay families from inception with a very low teacher-to-student ratio. The opportunity for several accreditations is also available. This is currently a private-pay only program, but there is amazing opportunity for 37% growth if NCI and Workforce programs are implemented.