Non Franchised Daycare w Bank Financing

Business Summary:
This is a great opportunity to own a well established Hunterdon County non franchised daycare center and property. It enjoys an outstanding reputation, having received awards for Excellence over the last 12 years. The building is 4,065 sqft with three large classrooms, each with sections for separating age groups. It also has a central playroom, kitchenette, office, and large outdoor playground. There is storage space upstairs which can be used for a Director’s office. Services include After Care & Summer Camp.There has been consistent revenue and cash flow over the last several years. The public Pre-K option in the town is very limited which ensures consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 54 currently enrolled with six receiving subsidies and two Aftercare.The property, appraised at $625k, is priced separately at $600k. The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland. In addition to the daycare center, there is a residential home generating rental income of $18k annually which is in addition to the cash flow of the business. There is also a separate storage building, & a workshop with half bath & heating. The partners are retiring and moving to Florida and are selling the business and property as one package with bank financing. An Owner Operator/Director is best suited to take full advantage of this opportunity. The financials have been adjusted for the owner’s Director’s salaryThe business and property are now priced at $195,000 and $600,000 respectively for a total of $795,000. The cash flow available for debt service is $172,857. A bank has reviewed the financials and has pre-approved a business loan for a qualified buyer. For further information, call broker Paul Holveck at 732-266-8136