MergerPlace

25 Year Daycare Center in Northern Ky

Florence, Kentucky (Boone)


  • Asking Price: $426,000
  • Gross Income: $472,000
  • Cash Flow: $173,000
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $46,000
  • Listing ID: #201270
  • Established: 1992
  • Employees: 14

Business Description

With over $400,000 in revenue and over $170,000 in owner earnings, this 25 year well – established and independent daycare center is for sale by the original owner. Revenue and owner earnings have increased each of the past 3 years. There exists a solid core of long tenured employees including the director who has been the director for 15 years. This is a Monday through Friday business with no weekend hours. Seller wishes to retire and has not actively pursued marketing of the business to meet capacity. In addition, seller will provide a full transition to whomever buys the business. Located in a 4,000 square foot building on a 1 ¼ acre site with a very large playground, this is a very well operated and maintained business. 50% of the revenue comes through state assistance so a good measure of one’s income is guaranteed. Other highlights include:

2 Star Rated
Full kitchen – all meals are cooked
Asset purchase – free and clear of debt
Includes van used in picking up at schools
Participates in the subsidized food program
Very profitable with room for more children
Excellent books and records – SBA loan qualified
$45,000 in inventory & equipment included in price
Enrolls children from 6 weeks to school aged children
Property for sale in addition to asking price for the business


Business Details

Primary Business Category: Social Assistance (incl. Day Care)
Location: Kentucky
Metropolitan Area: Florence
County: Boone

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14

Financial Information

Asking Price: $426,000
Gross Revenue: $472,000
Cash Flow: $173,000
EBITDA: $173,000
FF&E: $46,000
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

4,000 square foot building on a 1 ¼ acre site with a very large playground. Plenty of room to expand or develop the property. The property is for sale in addition to the asking price for the business.

Growth & expansion opportunities:

The center is not at full capacity so plenty of growth is attainable.

Competition:

The center has attracted children because of its stellar reputation in the community – very little to no advertising or marketing has been performed.

Reason for selling:

Retirement

Support & Training:

The seller will stay on as long as necessary to ensure the comfort level of the buyer.

Contact Business Seller

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Business Listed By:

Dan Long

Cincinnati Business Brokers