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Established Successful Northern California Preschool

CA

Seller Financing Available
Established Successful Northern California Preschool
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Asking Price: $575,000

Cash Flow: $213,838

Gross Revenue: $547,143

EBITDA: $213,838

FF&E: $10,000

Inventory: N/A

Rent: $10,381 /Month

Established: 2002

Established Successful Northern California Preschool

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Business Description

This Reggio based preschool program located in a desirable area in Northern California.
The centers financial performance has been one of continued growth with 14% year-over-year growth and an enrollment that is 99% full for the 2019-2020 calendar year. The new owner will enjoy the assurance of a durable income stream as they acclimate to the new endeavor.
The school has two programs; one for 3 to 4 years old and a second for 4 to 5 year olds. They also offer after school and Summer Camp programs.
The school has enjoyed a steady influx of repeat business and continued growth through word of mouth. The stellar reputation is the biggest driver for the growth as well as the continued real estate developments in the immediate surrounding area.

Detailed Information

Real Estate:
Leased
Building SF:
2,283
Lease Expiration:
5/17/2019
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We believe this to be a very suitable location for the school based on the convenience of location that allows the business to draw from many of the surrounding communities. The facility is well maintained by the school and the landlord both inside and out.
Competition:
There is very little competition as there is not another program within two miles of the centers location.
Growth & Expansion:
The most obvious area for growth is simply acquiring more space to add classrooms. This can be achieved by either negotiating with the current property management to lease the adjacent space and building out new school classrooms, or purchasing real property in the nearby area. The demand seems apparent and add the new apartment complex recently opened in addition to other housing developments in the surrounding areas will only bring more demand to the school in the years ahead.
Financing:
five year option in place
Support & Training:
2 weeks at 40 hours per week
Reason for Selling:
Owners own numerous schools and the stress of operating in disparate locations
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Paul Kelley

Business Listed By:
Paul Kelley

Synesis Advisors

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Sponsoring Broker:
Randy Katz

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