Business Summary:
This is a great opportunity to own a well-established Non Franchised Day Care Center in a suburban town just off a major highway. The owner recently opened an additional classroom increasing its license from 75 to 105. There is also future opportunity to expand the enrollment capacity to 132 with some minor construction. The school leases space within a community center at under market rent which includes the utilities. There has been consistent revenue and profit growth for the last four years with full enrollment. The location has limited competition. Licensed for ages 6 weeks to 13, currently there are 94 children enrolled, of which 65 state are supported. There are eight classrooms in 5,500 sqft plus an additional 1,800 sqft indoor gym. There is also an outdoor playground. The full time owner acts as the Director, managing an experienced & long tenured staff of 12 fulltime and 2 part time teachers including 3 Head Teachers. The cash flow assumes the new owner will act as the Director. Financials are projected for 2017 based on ten months of actual. The owner is investing in a new opportunity & is very motivated to sell. The business is offered at $985,000 with a down payment of $785,000 and the seller will finance the $200,000 balance with terms negotiable. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277
|
|
