This is a great opportunity to own a well established Hunterdon County non franchised daycare center. 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 insures consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 47 currently enrolled with six receiving subsidies and two Aftercare.
The property is also available for purchase and is priced separately at its appraised value of $625k. The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland,. 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 wish to sell the business and property as one package. The financials have been adjusted for owner’s Director’s salary and her partner’s over market teacher salary.
The business and property are valued at $215,000 and $625,000 respectively for a total of $840,000. A bank has reviewed the financials and has preapproved a business loan for a qualified buyer.
For further information, call broker Paul at 908-851-9040x277
Sellers retiring and moving to Florida
Owner will provide 2 weeks training