Listing Number: 2301-643170
Description
Huge childcare center in Orlando licensed for over 150 students. Excellent low-cost lease for this 10,600 square foot facility. The school was originally founded in 2012 and the current owners purchased it in May 2017. Comes with a full staff of 16 that includes a director and assistant director. The owner only works about 20 hours a week (total) but does not teach. Seller is offering a full 4 weeks of training FOR FREE to ensure a smooth transition. Excellent opportunity for a buyer that has director’s credentials but can also satisfy an absentee owner/investor.
2022 financials are Jan - Dec 2022 and recast as an owner/operator/director. Add backs do not include many perks and benefits. The 2022 Owner's benefit does not include $344,318 (PPP Forgiveness $75,000; SR Grant $213,057; Emp Retention Credit $56,262). The 2021 OB does not include $69,094 for the SR Grant.
A buyer can potentially extend operating hours, offer weekend care, and offer more van routes to other elementary schools for the before/after school. This school is one of the top in the area that are known for their high quality. Center participates in School Readiness (4C), VPK, and Food Program. The sale includes two 15-passenger vans. NOTE: This is a short sale and will be subject to the approval of the seller’s bank and the SBA.
Listing Details
- Price: $ 400,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $ -20,415
- Total Sales: $ 1,046,652
- Location: Orange County, Florida
- Inventory: $ 0
- FF&E: $ 100,000
- Employees: 16
- Year Established: 2012
- Reason for Selling: Other business interest
- Category: Child Care,Educational/School
