High quality Daycare & Property with Bank Financing

Business Summary:
This is a great opportunity to own a well established Non Franchised Day Care Center and property which has an excellent reputation for quality daycare. In recognition of its high standards it has been accredited by the National Accreditation Commission for Early Care and received a 4 Star Rating from Grow NJ Kids. The facility has been meticulously maintained with consistent improvements throughout its history. The building is 7,190 soft with 5 classrooms, art room, common area, finished basement play area, kitchenette, office, & newly resurfaced large outdoor playground. Quality fixtures throughout and I Pads in all classrooms.Services include Infant-Prekindergarten Care, After Care, & Summer Enrichment Camp. The school follows the High/Scope curriculum and provides Child Assessments according to NAEYC guidelines. The center is licensed for 139 with 164 currently enrolled. The owner serves as the Director, managing an experienced staff of 22, many with degrees, and includes an Office Mgr. and Admin Assistant.The Center is situated on 1.03 acres which has been appraised at $1,000,000. The business and property are pre-approved for an SBA loan for qualified buyers who have daycare experience and outside income. Current financials are projected for 2019 based on 10 months actual. After 34 years, the owner is retiring but will work with the buyer up to two weeks to assist in the transition.Business and property are offered at $1,275,000 with a $255,000 down payment and bank financing for a qualified buyer. For further information, call broker Paul Holveck at 732-266-8136