This is a great opportunity to own a well-established Hunterdon County non franchised daycare center and rental property. It enjoys an outstanding reputation, having received awards for Excellence over the last 12 years. The building is 4,065 sqft with three large classrooms, each with sections for separating age groups. It also has a central playroom, kitchenette, office, and large outdoor playground. There is storage space upstairs which can be used for a Director’s office. Services include After Care & Summer Camp.
There has been consistent revenue and cash flow over the last several years as the owners have reduced expenses without sacrificing the quality of the education. The public Pre-K option in the town is very limited which insured consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 47 currently enrolled with six receiving subsidies and two Aftercare.
The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland, which is appraised at $625k. The property is improved with a residential home generating rental income of $18k annually, a separate storage building, & a workshop with half bath heating. The partners are retiring and moving to Florida and are very motivated to sell. The financial have been adjusted for owner’s Director’s salary and her partner’s over market teacher salary.
The business is valued at $215,000 with the property valued at the appraised price of $625,000 for a total of $840,000. A bank has reviewed the financials and had preapproved a business loan for a qualified buyer.
For further information, call broker Paul Holveck at 908-851-9040 x277
Seller retiring and moving to Florida
Owner will provide 2 weeks training