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Preschool With Opportunity For Expansion For Sale

Saint Lucie County, Florida, US
Asking Price:
$350,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$591,911
Cash Flow:
$217,371

*Contract Pending*
Very well located new preschool facility with stabilized income and opportunity for expansion. This business was opened in 2019 and began ramping up in 2020 when COVID hit. The business struggled to gain traction through this period and began full operations in 2021. The school is profitable with the current enrollment of 51 students. An additional 13 students could be added with 1 new teacher and there is capacity to increase enrollment to 75 students with minor improvements to the facility. The school is located in multiple economic improvement zones and the enrolled population provides additional cash flow streams and parental benefits. As an example, all students currently receive lunch at no cost to the parents.

Property Information

Real Estate:

Lease

Lease Terms:

Lease/Month: 2,560
Terms & Options: 5/5
Expiration Date: 6/1/2029

Location:

Saint Lucie County / Treasure Coast / Southeast Florida

Premises Details:

Building Type: Strip Center
Square Footage: 4,235
Leasehold: $35,453

Business Operation

Reasons for selling:

Pursuing Other Interests

Trading hours:

Mon-Fri 6:30AM to 5:30PM

Employees:
8
Years established:
4

Other Information

Support & training:

Seller will train buyer for four weeks at no cost to buyer

Furniture / Fixtures value:
$10,000 - included in the asking price
Inventory / Stock value:
$3,400 - included in the asking price