Childcare center with Real Estate in Contra Costa County
Total Purchase Price: $3,800,000 Business Price: $1,100,000 Real estate price: $2,700,000
2018 Revenue: $1,056,000 2018 SDE: $324,000 after allocating $188,000 annual rent, otherwise SDE is $507,000.
Pre-qualified for an SBA loan for well qualified buyer with $400K down payment
Capacity in the range of 60 to 100 Location: Contra Costa County
Both business and real estate must be purchased together.
This long established and profitable child care center is in Contra Costa County. The business has consistently done well and can generate great income for the owner. Tuition has consistently been incremented by 3% every year. Business serves children from 3 months old to six years old.
The SDE of $324,000 is the amount one full time working owner-director would have made if they had purchased the business and real estate with all cash and paid themselves a rent of $188,000 per year. This is 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 $507,000.
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. Tuition charged by the center is below what comparable centers in the area are charging. Hence there is room to increase tuition for increased profitability.
Business is pre-qualified for an SBA loan for well-qualified individuals with a down payment of $400K 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 from http://www.acaciagroupinc.com/nda-acacia133.pdf and fax them to us at (408) 852-4358. Without receiving the completed forms no further information can be disclosed.