Non Franchised Day Care Center

Business Summary:
Well established Day Care Center located on a major highway in a densely populated Bergen County location. Situated on the ground floor of a commercial office building with three rooms, one each for Infants, Toddlers, and Pre Kindergarten and an outside playground. The center is currently licensed for 32 children with a current enrollment of 18 children, 17 full time and 1 part time. By replacing the Head Teacher with a Director, the Center can be licensed for 40 children. This is a large parking area and easy access from the highway. This is non franchised business with a proven, successful curriculum and no royalties. Completely turn key. Owners will assist in the assignment of a new lease which is at favorable market rates. The enrollment has remained steady and because of its reputation and location, the business has an upside once the business climate turns. This is one of two locations being sold and reduced pricing will be considered for a combined offer. After 30 years in the business the owners are retiring. Payroll has been adjusted for owner/operator replacing $24,000 Director salary.Business is offered at $150,000 with a down payment of $90,000 and the seller will finance the $60,000 balance over three years with the interest rate to be negotiated. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.