Day care center for sale

Manassas, VA (Prince William County) (Relocatable)

Big classrooms
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Asking Price: $225,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $8,400 /Month

Established: 2007

Day care center for sale

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Business Description

Hurry up! Catch the opportunity to own this amazing business

Great location. No competitors within 5 miles. New Cloud HQ data center 5 minutes away.All offers will be reviewed on July 20th. Due to the extreme amount of inquiries, we won't be able to respond to everyone individually. Please read all the information in this listing and send the NDA to me or bring it to the open house.
Here is an excellent opportunity to own a 10-year-old, successful daycare operation located in the Manassas Virginia area. Daycare is approved for 144 children ranging from infants to 12-year-olds. New experienced owner operating at an 85% enrollment would gross an annual revenue close to $1 Million!

Original cost to build new and equip including outside playground and storage was nearly $300,000. Business also comes with a van/bus as part of the assets. Seller is selling due to health issues (broker can discuss). Business has excellent staff in place, good book-keeping, and 2015-2016 IRS returns are available. Five years sales average is $440,000 a year.
IMPORTANT NOTES: seller, at this time, has not taken advantage of the Virginia Subsidy Program that parents can use to cover daycare. She has applied, and expects this to be approved; she’s not taken advantage of any USDA food purchase credits that may be available. In addition, seller is willing to stay on after the sale on a part-time basis either as an assistant director, teacher, or in any capacity that would help the new owner in their transition.

For more information, please contact Becky Wang For name, address and website information, please sign and forward over the Non-Disclosure Agreement which is the last page of this document.

PRICE DETERMINATION
Price determination is based on what the industry “rules of thumb” say as to value (see attached reference). Along with the “rules of thumb” for an existing business a fair comparison as to what it would cost to open a business like this from “scratch”. This would include finding a location, building out the space, equipment cost, and opening start up costs.

Price Determination:
Value of lease, location & License $50,000
Leasehold Improvements $200,000
Equipment Costs (today’s value): $100,000
New business start up cost: $35,000
Sales Volume Value (2017 reference guide, 55% of gross sales) $242,000
10 years of good will, establishing sales base: $50,000
Base on earning $60, 108 times 3.5 = $210, 378

Asking Price: $225,000

This price is based primarily on the value of the location and the lease, along with a 15,000 square feet build out of a daycare. Priced fairly also base on Gross sales/ SDE profits The cost of this business could easily cost $450,000 to build and open new today. We are offering a true turnkey opportunity with some seller financing.

REASONS TO BUY

1. An Established Turnkey Opportunity
2. Support & Training Available
3. Excellent Bookkeeping and Financials (available for verification)
4. Excellent Location for a Daycare
5. Some Owner Finance Would Be Considered
6. Rent/Overhead Very Reasonable Based on Market-Rent Comparisons
7. Demographics are Very Good.
8. Priced Fairly (seller will consider all offers)
9. No Immediate Direct Competitions
10. This Location is Well Established and Proven to be Successful for 10 Years
11. Profitable
12. Equipment is in Good Working Condition
13. Employees Have a Long Work History at This Location – Very Experienced and Knowledgeable
14. Long Term Lease with Excellent Terms
15. Current Owners are Dedicated to the Success of the Business and so They Will Provide Solid Support as Needed to New Owners

Attached Documents


Detailed Information

Location:
Manassas, VA
Real Estate:
Leased
Building SF:
15,000
Lease Expiration:
N/A
Employees:
8
Facilities:
The daycare which is in a freestanding building is located on a busy highway with excellent visibility, plenty of parking, a secure playground, and some additional outside storage. Operation space is 15,000 square feet with 10,000 square feet split between two connected spaces and an additional 5,000 square feet in the lower level which is used for the nursery. Rent is very reasonable at only $7.25/square foot ($8,995 a month including all landlord costs).
Competition:
There are no day care center with the space and potential in the area.
Support & Training:
Seller will provide support and training
Reason for Selling:
Absent owner
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Business Location


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Business Listed By:
Becky Wang

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Demographic Information

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