Opportunity to own a thriving Non Franchised Daycare Center located in Union County. The business has averaged 15% growth over the last 2 years with further growth (+20%) projected for 2018. In November 2018 it was designated as the town’s daycare center for Pre-K age 3 public education, supported with state funding. 15
children are enrolled and there is the possibility the program will be expanded in fall 2018. A Smart Board was provided by the state for this class.
The center is licensed for 75, ages 0-13 which can be expanded to 95 with the addition of one toilet. At 6,000 sqft it is the largest daycare center in town with limited competition. The floor plan includes 6 classrooms, reception area, office, several bathrooms and storage area. It has an outside playground. 75 are currently enrolled, with about half subsidized by the state with a co-pay arrangement. The parents provide their own meals and snacks. The full time Owner/Director manages an experienced staff of 14. The lease ends in August 2018 but the landlord is willing to provide a 10 year lease. The financials are based on annual 2017 and projected 2018 in which the expected rent increase has been factored in. The cash assumes the new owner will act as the Director. The owner is retiring and is very motivated to sell.
The business is offered at $625,000 with a down payment of $160,000 and $465,000 bank financing for a qualified buyer. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
Owner is retiring