Quality Daycare & Property with Bank Financing

Business Summary:
This is a great opportunity for a childcare professional to own a well-established (26 yrs) Montgomery County non franchised daycare center and property, with an excellent reputation for quality childcare. Housed in a stand-alone building, it is located on a main road with easy access and parking for drop-off. The 2 story, 8,500sqft facility is very well maintained with 9 classrooms, all with cameras, office, staff room, full kitchen, and large outdoor playground. Recent upgrades include new playground equipment and three new air conditioning units.
Services include Infants-Kindergarten Care, After Care & Summer Camp. The center owns a Mini bus, valued at $60k for pickup and delivery. The staff of 10 all work full time and includes a very experienced Director (26 yrs) who has a Masters Degree. Many of the teachers have Bachelor Degrees. Licensed for 132, there are currently 74 enrolled with 25 state supported. The owner has controlled enrollment levels to reduce workload leading to retirement which is a major opportunity going forward.
The Center is situated on a 1.5 acre property which is improved with a totally renovated 4 bedroom, 1½ bath residential home generating $18,000 rental income annually. Property has been appraised at $2,570,000 which includes the residential home.
After 36 years in the business the owner is retiring. Business and property are offered at $2,960,000. A bank has reviewed the financials and has preapproved a business loan for a qualified buyer. Cash flow available for debt service is $311,180, which includes rental income. $390,000 business valuation is based on historical and projected financials

For further information, call broker Paul Holveck at 908-851-9040 x277 or 732-266-8136