Preschool w/ Property & Bank Financing

New Jersey (Union)

  • Asking Price: $1,450,000
  • Gross Income: $1,602,612
  • Cash Flow: $193,940
  • Real Estate: $800,000
  • Inventory: $10,000
  • FF&E: $70,000
  • Listing ID: #200639
  • Established: 1997
  • Employees: 26FT

Business Description

Great opportunity for two experienced daycare partners to own a well-established (20 yrs) quality Preschool Center and the building. Located in an Abbott District, it receives full funding for ages 3 & 4 from the town Board of Education with additional funding provided by other sources for the younger age groups.
The 8,000 sqft main building is two stories with 5 classrooms, kitchen, and hall bathrooms on the first floor and one classroom, five offices & a conference room on the second floor. One of the offices can be leased for additional income. Two additional classrooms are leased (1,500 sqft) in a local Church which is within walking distance of the main building. Outside playground at both locations. There are cameras throughout the halls and in the classrooms for security. The combined license is 137 ages 0-13 with 101 for the main center and 36 for the church location. Currently there are 123 children enrolled.

The husband and wife act as the Financial Manager and Director and oversee a total staff of 26 which include full time teachers, teacher assistants, Executive Assistant, family workers, caregivers, janitor,
and cook. The staff is very experienced and accomplished, with many teachers having 4 year degrees and Masters Degrees, ensuring quality care for the children. The center offers an extensive food program with a cook that provides breakfast, lunch, & snacks for all the children which is also fully funded. Other services include Pre/After care & Summer Camp.
Because of the pay structure in the district, it is necessary that two experienced professionals take on the roles of the owners on a full time basis. The owners are retiring and very motivated to sell. The cash flow assumes the buyers will jointly occupy the owner’s current roles when they take over the business.

The business and property are offered at $1,450,000 with a down payment of $365,000 and bank financing for the balance for qualified buyers. The property is valued at $800,000 and the business at $650,000. For further information, call broker Paul Holveck at 908-851-9040 x277

Business Details

Primary Business Category: Services - Educational
Location: New Jersey
County: Union

Company Information

Year Established: 1997
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 26FT

Financial Information

Asking Price: $1,450,000
Gross Revenue: $1,602,612
Cash Flow: $193,940
FF&E: $70,000
Inventory: $10,000
Real Estate: $800,000
Seller Financing Available: Yes

Property Information

Reason for selling:

Owners are retiring

Support & Training:

Owner will provide support for 2 weeks as needed

Contact Business Seller

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Business Listed By:

Paul Holveck

Executive Business Brokers