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Details - Information last confirmed on November 12, 2020
Childcare center with Real Estate in East Bay Area
NO Broker Co-op at this time
Total Offer Price: $5,600,000 (Business Price: $2,400,000 plus Real estate price: $3,200,000
2019 Revenue: $1,883,000 2019 SDE: $646,000 after allocating $222,000 for Rent
2018 Revenue: $1,959,000 2018 SDE: $671,000 after allocating $222,000 for rent, otherwise SDE would have been $869K or $893K respectively.
Pre-qualified for an SBA loan for well qualified buyer with $700K down payment
Capacity in the range of 70 to 120 Location: Contra Costa County
Business and real estate must be purchased together.
This long established and profitable childcare center is in Contra Costa County. The business has consistently done well and has generated great income for the owner.
The SDE of $646,000 is the amount one full time working owner-director would have made if they had purchased the business with all cash and paid themselves a rent of $222,000, the amount required for the annual payment for the SBA loan for the Real Estate Purchase at the asking price. Without any allocation for rent the SDE would have been $869,000 in 2019 and $893K in 2018.
Buyer would need to personally qualify for a Child Care License. With director qualified individuals on staff, this opportunity is suitable for owners of other centers that wish to add another center. This opportunity is also ideally suited for individuals with extensive experience and qualification in childcare and who have the qualifications to be the director of the center.
The property was specifically built for a childcare center and has large outdoor space. This center has excellent reputation and is in high demand.
Business is pre-qualified for an SBA loan for well-qualified individuals with a down payment of $700K plus some working capital.
Confidentiality of this transaction is paramount. So, if you wish to pursue this opportunity, please complete the confidentiality agreement and Buyer Profile and fax them to us. Without receiving the completed forms no further information can be disclosed.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.