Large state licensed childcarepreschool facility for sale wbusin (Elkhart, IN)

Large state licensed childcarepreschool facility for sale wbusin

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.