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Raleigh Durham - Wake County NC

  • Listing No.: 209-00014

  • Category: Education

Asking Price $600,000.00
Down Payment
Gross Revenue $429,140.00
Total Adjusted Net Income $129,935.00
Equipment / Fixtures $303,573.00
Year Established 1998
General Location Raleigh Durham - Wake County NC
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This Preschool has been in business for over 22 years in one of the most Prestigious Locations in the Raleigh Durham area. It is one of the largest preschools in the area with almost 7,000sq. ft of space. The preschool has a large and very safe outdoor play area with soft turf in place through out. The preschool has a detailed daily curriculum for all the children, it is one of the most sought after preschools in the area. The preschool has the capacity to triple its current enrollment. Motivated seller who wants to retire. The Total Income was derived from an average of the last 3 years. Seller is willing to train new owner and share all of her 22 years of experience running the school.

Gross Revenue $429,140.00 Listed Price $600,000.00
Total Income $129,935.00 Down Payment
Base Rent $9,000.00 Square Feet 6640
Total Rent $10,300.00 Lease Expiration 5/2022
Rent Deposit $20,000.00 Lease Options 1/7
Inventory Not Included Leasehold Improvements
Equipment / Fixtures $303,573.00 Other Assets Fully functional website
Full-Time Employees 8 Training Period 30 days after closing
Part-Time Employees 1 Special License Required Business
Contract Staff Reason for Selling Wanting to retire and focus on other things

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.