Profitable Day Care with Bank Financing

Not Disclosed, New Jersey

  • Asking Price: $550,000
  • Gross Income: $1,146,794
  • Cash Flow: $180,779
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $50,000
  • Listing ID: #202072
  • Established: 10
  • Employees: 26

Business Description

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.

Business Details

Primary Business Category: Services - Educational
Location: New Jersey
Metropolitan Area: Not Disclosed

Company Information

Year Established: 10
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 26

Financial Information

Asking Price: $550,000
Gross Revenue: $1,146,794
Cash Flow: $180,779
FF&E: $50,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Reason for selling:

Owners are retiring

Support & Training:

Owner will provide 2 weeks of training

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Paul Holveck

Executive Business Brokers