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Childcare Center - Est. 35 years

Passaic County, NJ

Seller Financing Available
Childcare Center - Est. 35 years
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Asking Price: $645,000

Cash Flow: $217,004

Gross Revenue: $830,000

EBITDA: $217,004

FF&E: $25,000

Inventory: $5,000

Rent: $3,750 /Month

Established: 1983

Childcare Center - Est. 35 years

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Business Description

This highly distinguished childcare center was established 35 years ago by the current owner. It is located in a highly desirable area. This is truly a one-of-a-kind opportunity. The center runs 2 successful after-school programs. The maximum authorized number of students is 120. They currently have 87 enrolled students. Open 12 months. 24 full time employees. The facility has 7 classrooms with 2 playgrounds and a gym. The owner recently installed an updated security system. The center is 5,500 SF. Favorable lease with low rent.. There is no real competition in the area. Please contact TBC Business Brokers at tbcpearl@aol.com for more information.

Detailed Information

Location:
Passaic County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
N/A
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
See above listing summary
Competition:
No real nearby competition
Growth & Expansion:
Current owner is not proactive in developing new business. The new owner should develop a solid marketing plan to add to the enrollment. There is room for 33 more students. And the area calls for childcare services.
Financing:
Some seller financing available to qualified buyers.
Support & Training:
Owner will train and assist in a smooth transition.
Reason for Selling:
Retirement
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Philip Pearl, CPA

Business Listed By:
Philip Pearl

TBC Business Brokers

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