Long-established Preschool in the Santa Clara County

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Business Description

• There are two licensed facilities serving children from infants to 12 years old.
• One facility is licensed for 46 children from 3 to 9 years old. The other facility is licensed for 62 children from infants to 3 years.
• Revenues for 2017 were $1,153,609 with Sellers Discretionary Earnings of $184,956.
• The owners are selling to retire.
• The owners of the school also own the real estate and are offering a 5-year lease at a below market rate with an option to purchase real property during the lease term. They may be willing to sell the properties within a year or two.
• Please contact Noel for further information at 408-687-1407 or email to noel.carpenter@gmail.com.

About the Business

Location:
San Jose, California
Year Established:
1964
Number of Employees:
27
Real Estate:
Owned
Building Sq. Ft.:
6,900
Facilities:
School 1 is built on a half-acre of land which gives children a large playground filled with shady trees, swings, sand pits, and room to run and bicycle in safety. There is a detached building with classroom and 2 bathrooms and storage buildings on the side yard. School 2 is located in a ranch–style 2-story house built on a .254 acre lot.
Market Outlook/
Competition:
There are preschools all around the area. This school has strong ties to the community and is respected for the high-quality education and loving care they provide to the children and parents. Many of the parents of the children who currently attend this preschool also attended it when they were children.
Growth & Expansion:
School 1 has the potential to expand of the school facilities because of the half-acre of land that is not fully utilized. There is also the opportunity to utilize the backyard of School 2 to expand the outdoor activities of the younger children.
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About the Sale

Reason For Selling:
Retirement of Owners
Training/Support:
4 weeks 20 hours per week post-sale training included with the purchase of the business.
One owner will sign a Consulting Agmt or Employment Agmt for up to 1 year for a negotiated salary/fee.
Seller Financing:
yes

Listing Info

ID:
1559672
Ad Detail Views:
249
Asking Price:
$650,000

Gross Revenue:
$1,153,609
Cash Flow:
$184,956
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$250
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Noel Carpenter

California Equity Advisors

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