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Businesses For Sale   >>   Germany Businesses For Sale

Kindergarten Rented For 20 Years

Location  Germany
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2014
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned

Description  
Kindergarten, with a total area of 1110 sq.m, rented for 20 years, in Koln. Two-storey kindergarten, 2014 building, with Elevator and Central gas heating. Six places for Parking. The land area 2200 Sq.ft Proposed commercial package kindergartens with a 100 % subsidy from the city administration. Because kindergartens are the responsibility of the municipality, he plans the need for the construction of kindergartens and permits to build such facilities only where they are required. The control is related to the fact that the city pays 100% of the rent and in fact is a tenant. According to the 2013 law, each city must meet a certain standard for the construction of such facilities in the cities of Cologne, Bonn and Dusseldorf has to be built from 200 to 300 new kindergartens. Rental period: 20 years plus a renewal option 2x5 years. Land rent per year - 200 euros for 30 years without an increase. Annual rental income - 196,983.48 euros. Rent increases every year according to the contract by 1.5%. Payment of all utility services shall be paid by renter. The initial yield is 6.67% per annum. The final yield of 5.5% per annum. The payback period of 18 years and 2 months. Cost object: 3 585 000 euros. Detailed information is available on request. Documents are ready to deal.


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