MergerPlace

Profitable Child Care Facility

Virginia


  • Asking Price: $275,000
  • Gross Income: $477,664
  • Cash Flow: $140,347
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $72,184
  • Listing ID: #215393
  • Established: 2005
  • Employees: 10 FT/ 10 PT

Business Description

Located in the beautiful Tidewater Virginia region, this local daycare facility serves about 85 children from 6 weeks to age 12 (currently licensed for 96 but chooses to limit enrollment). The purpose-built facility allows for the separation of children by age group to optimize play and learning. With about a 50/50 mix of private pay vs. subsidized students, this business is able to serve the needs of the entire community and currently has a waiting list for new clients. This is NOT a franchise - company was built from the ground up to fill a gap in the local area. The experienced FT and PT staff focuses on child development through education and nurturing.

4-year average Sellers Discretionary Earnings - $94,000

**UPDATE - This facility has been able to remain open during the COVID 19 pandemic and reduced enrollments have been offset by grants and PPP funding. Demand remains strong and enrollments are increasing. Long-term outlook is very positive.


Business Details

Primary Business Category: Services - Educational
Location: Virginia

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT/ 10 PT

Financial Information

Asking Price: $275,000
Gross Revenue: $477,664
Cash Flow: $140,347
FF&E: $72,184
Seller Financing Available: No

Property Information

Facilities:

This 3468 sq ft facility is located on just over 2 acres and provides ample room for kids to play outside. Plenty of parking and great central location. Facility includes separate infant room, full kitchen, and administration space. Property is not included in sale price but is available for sale at $525,000. Property sale will be represented by KW Commercial.

Growth & expansion opportunities:

The business is currently licensed for 96 children based on the square footage of the facility. There is ample land to expand the current facility to accommodate more.

Competition:

There is HUGE demand for quality childcare in this area and very little competition.

Reason for selling:

Owners are retiring.

Support & Training:

Will train for 2 weeks @ no cost. The new owner, if serving as Director, should have Infant/Child CPR certification and be able to pass a background check. Ideally will have experience in early childhood education. Business is required to maintain a state Social Services license, Business license, Health Department license and operation permit from state Fire Marshall.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers