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Real Estate
Commercial Real Estate
in South Bend - Michiana

Large, state licensed childcare/preschool facility for sale w/business

Overview

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Contact:Robert
Phone:574-370-0786
City:Elkhart
Zip:46514
Price:$495,000.00
Square ft:8500
Beds:N/A
Baths:N/A

Description

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8,500sq ft. childcare/preschool facility in Elkhart, IN on 2.5 acres of land. The commercial building and land has been used as a state licensed all day childcare/preschool for over 40 years. 5 large classrooms, 2000sq. ft. multi purpose room, large commercial kitchen and a 2 acre playground. The building also has 2 apartments above the school that can be used for owner/director or as extra rental income. Large apartment is approximately 1,200sq. ft., 3br, 2ba w/ large country kitchen. Small apartment is approximately 800sq. ft., 2br, 1ba. Licensed 501c3, not for profit, childcare business is included with the real estate, as well as all of it's equipment and supplies, which includes 2 state approved, 14 passenger school buses used for transporting school age children to and from area schools. Facility is licensed for 100 children ages 1 - 12 and currently has an enrollment of 88.  The not for profit facility enjoy's Property tax exemption, as well as a good relationship with area businesses and foundations for fund raising and grants. The childcare operation grosses approximately $323,000.00 annually. As a not for profit, positive cash flow is used as part of owner/director salary.  My wife and I have owned and operated the school for over 21 years and have earned annual combined salaries of approximately $55,000.00 - $95,000.00 with no living expenses due to living in the apartments above. Great opportunity for the right person or persons. Regretably, my wife and I are divorcing and are both retiring from the professional childcare business.  Sale price is negotiable and we would entertain a land contract agreement with a 10% down payment.  If interested, please call (574)370-0786. Thank you. 

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