Printer



Sale Pending

Established Private Preschool, with Real Estate Included


School

This pre-school has been family owned for over 30 years.  The owner moved out of state in 2021 and is ready to retire.  The Director runs the school, and the owner travels to California every 3 to 4 months to review operations and the business's financial health continues to increase yearly.

The school is very clean and well maintained.  The floors are buffed and waxed quarterly, the A/C unit is serviced quarterly, and a part-time staff member cleans and maintains the school premises.  This is a secured facility with iron fencing, an electronic gate, and a monitoring camera system inside and outside.

Business:  Preschool.  501 Corp.  This is a learning and structured environment with kindergarten readiness.  Ages are from 5 weeks to the age of 12 years and 11 months old. Pricing brochure upon request.

Customer Type:  mostly subsidized single/married parents that have a lower income and qualify for subsidized tuition paid by the State of California.  Most clients are within a 10-mile radius.

Marketing:  Website, Google, Facebook, Instagram.  Best marketing is word of mount.

Competition:  Seller does not see competition between daycare/preschool as most clients will go to the closest preschool near home or work.

School is selling for: $1,550,000

Real estate is selling for:  $1,650,000

If you are interested in this business, a Non-Disclosure and Buyer profile will be sent to you.  Employees are not aware of the sale.  Qualified buyers will need SBA loan approval or must show proof of funds.  

Non-Compete Clause:  5 years, 15 mile radius from the location

If you have any questions, please call Carol Bennett at 661-369-1516.

 

 



Listed By: Carol Bennett

Background information

Reference:

56841

Year established:

1989

Reason selling:

Retirement

Finance

Sales:

$1,566,404

Profits:

$593,752

Profit type:

Discretionary Earnings

Operations

Employees:

17 1 owner, 14 FT, 2 PT

Equipment:

Request list during due diligence period

Inventory:

Request list during due diligence period

Furniture fixtures and equipment:

Request list during due diligence period

Premises

Facility:

Occupancy 124

Square footage:

7,232

Rent and lease terms:

Real Estate for Sale. 2.45 Acres

Location:

Bakersfield CA

Opportunities

Growth:

Opportunities: (per IBIS World 9/2024) High Revenue Growth (2019-2024) High Revenue Growth (2024-2029) High Performance Drivers Government consumption and investment

Market:

Some nursery schools can be funded both publicly and privately. (IBIS 9/2024). This school has 138 on roll, 22% are private pay and 78% are subsidized.

Price and terms

Price:

$3,200,000

Financing:

SBA Lending, Cash

Training:

Yes, 80 hours included in the sale