This is a great opportunity to own a state of the art, 10 years young, franchised child care center located in a busy retail center on a main highway in Warren County providing quality childcare. The building is 9,000 sq ft with 8 classrooms, creative playroom, kitchen, staff room, interactive Smart Board, a large outdoor playground, security system, recently purchased high standard cribs, and all new computers.
The quality staff is experienced with many long tenured. The center is licensed for 173, ages 6 weeks to13 years, with 116 enrolled at the end of the recent school year. Two children are state supported. Services include Before/After School Care, and Summer Camp. The center also provides a hot lunch and morning and afternoon snacks as part of the tuition.
The owner acts as the Director with a semi absentee schedule. The recent 3 year financial track record has been strong, with solid revenue & profit increases as well as growth in the average monthly tuition. The reported cash flow assumes a full time owner operator and staff adjustment. There is a 15 year lease which includes two 5 year options. Buyer responsible for $25,000 transfer fee. Owners are retiring and motivated to sell.
Business is offered at $550,000 with a down payment estimated at $150,000 with bank financing. For further information, call broker Paul Holveck at 908-851-9040 x277.
Owners are retiring
Owner will provide 2 weeks of training