Business Summary:
This is a great opportunity for an education professional to own a well-established (17 yrs) and parent-favorite Mercer County Childcare Center with property. Located on a main road, the stand-alone building has easy access and parking for drop-off and pickup. The 4,250 sqft facility is very well maintained with 4 classrooms, library, office, small kitchen, storage room, and a ½ acre fenced-in outdoor playground. There are indoor and outdoor cameras and all the rooms have bathrooms and additional exit doors for safety.
The school is licensed for 73 children ages 2 ½ to 13. Open from 7am-6pm, their services include Toddlers, Preschool, Pre-K, and Summer Camp. Summer Camp enrolls children up to age 8. The curriculum is theme based and includes some special segments including library time, computer basics, and music. The school is consistently full. Currently, there are 86 children enrolled.
The owner works full-time as the Director managing a staff of 15, 7 full-time and 8 part-time. The staff is experienced, and some have Bachelor degrees. Opportunities for future growth include opening a Kindergarten classroom and initiating Before and After Care. The financials assume a new owner will act as the Director.
After 37 years in the business, the owner is retiring. Business and property are offered at $1,210,000. The property was appraised at $775,000 and the business is valued at $435,000. A bank has reviewed the financials and has preapproved a business loan for a qualified buyer. Cash flow available for debt service is $251,835.
For further information, call broker Paul Holveck at 732-266-8136
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