In-Escrow - Well Established Daycare Center For Sale with Real Estate

Long Beach, CA (Los Angeles County)

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Asking Price: Get Financing: $2,099,000

Cash Flow: N/A

Gross Revenue: $1,164,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Real Estate: $1,700,000

Established: 1989

In-Escrow - Well Established Daycare Center For Sale with Real Estate

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Business Description

Daycare Center in Continuous Operation Since 1989

PRICE REDUCED: $2,099,000 includes real estate, business and FF&E (all assets). Daycare center opened in 1989. Well established and well respected in community. State Licensed. 10 full-time employees. 5 large classrooms, bathrooms, computer rooms, kitchen, office on main floor and large office on second floor, observations rooms. The owner/seller constructed the building in 1989 specifically as a daycare and went to great lengths to ensure it had all of the best features and amenities for a high quality daycare. The seller has been an absentee owner for the past several years and although the business is licensed for 120 kids, it's current enrollment is 50. There is great potential for a new owner to build enrollment back up to 100+ students. The Gross Revenue figure represents a possible pro-forma at 120 students.
Broker Represented. do not contact Seller or Tenant directly.
Richard Hollowell CalBRE #01944724

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
5,840
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,840sf building with 5 classrooms, kitchen, staff offices, multiple bathrooms, observation rooms, storage, computer rooms. Plenty of outdoor space with playground equipment. All included in the price.
Growth & Expansion:
Plenty of room to grow. School is licensed for 120 students and currently has 50 due to lack of marketing and absentee owner.
Support & Training:
Current staff of 10 including the director who has been on staff for over 12 years.
Reason for Selling:
Owner is retired and lives overseas
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Business Listed By:
Richard Hollowell

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