This is a great opportunity for child care professional to own a well established (18yrs) 5 Star private learning center in Union County with an excellent reputation for quality childcare. Located in an affluent community, it is on the main road with easy access near a train station for commuters traveling to NYC. There is a parking lot for staff and parents to drop off and pick up.
The building is 6,200 sqft with a very efficient layout which allows a higher number of licensed students than other centers of comparable size. The center includes 8 classrooms, in-room children bathrooms, staff kitchen, office, and outdoor playgrounds. There are cameras in every room for security. Services include Infants/Toddler care, Pre-Kindergarten, Kindergarten, Before & After Care & Summer Camp. The center is licensed for 110, ages 6 weeks to 6, 110 were enrolled before state closing, and 55 are currently enrolled and growing.
The business has experienced consistent profit growth over the last three years. The Infant Care business is highly developed for which they have created a Nursery area with a separate entrance. Their full-time Kindergarten program is in demand as the town program is only part-time. The owner works a part-time schedule of about 16 hours/week overseeing an experienced staff, which includes a Director and Asst Director. Many are long term and/or have college degrees or credits toward a degree. There are 2 years left on the lease. The SBA has pre-approved the business for a loan. The financials are based on tax returns for the last three years and the cash flow assumes a full-time owner-operator.
The owner has been dedicated to providing quality child care for many years and has now decided to retire. The owner will ensure a successful transition by providing two weeks of onsite training to assist the new owners. The business is offered at $1,450,000 with a 25% down payment and bank financing for the balance for a qualified buyer.
For more details call Paul Holveck at Executive Business Brokers, 732-266-8136.
Owner is retiring
The owner will provide up to 2 weeks of onsite training as needed