Education - Preschool/Daycare

Frederick County, VA

Seller Financing Available
Education - Preschool/Daycare
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Asking Price: Get Financing: $150,000

Cash Flow: $41,738

Gross Revenue: $389,101

EBITDA: N/A

FF&E: $7,000

Inventory: N/A

Lease Rate: N/A /SF

Established: 2009

Education - Preschool/Daycare

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Business Description

This is a highly recommended educational pre-school/daycare operating at full capacity. The business was started in 2009 and is licensed for 60 children, ages 6 weeks to 12 years old (most children do not exceed 5 years old). The facility is outstanding with room for expansion on the 2nd floor.

The owner is retiring, however, he has lived in the area all his life and will be available for consulting. At present he has 8 full-time employees, plus 1 full-time manager and 3 part-time employees.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
10 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,150 square foot space with room for expansion on 2nd floor.
Competition:
This Preschool/Daycare is in the top 3 schools in their category.
Growth & Expansion:
Room for expansion on 2nd floor. Owner's comments: Our doors opened in May 2009 with 3 children. The goal of the program is to provide all families with an educational facility that is affordable and safe for children to learn and grow. We have grown and established our current location. It was established with my wife and myself and is still currently owned and operated by myself. Over the past few years the enrollment has remained constant even with the changes in the economy. I have experienced some major personal changes in my life with the loss of my wife in 2014 and some other personnel issues. I had made some poor decisions in my management team but have now taken control back. Throughout this time, even with the changes at the center and those in my personal life, our enrollment remained constant. I am projecting that the upcoming year will remain constant with enrollment and to have the potential to increase as more businesses continue to expand into our area.
Financing:
$50,000 Down/ $100,000 for 84 mos. @ 6.5%.
Support & Training:
Will train for 3 weeks @ no cost. Education background with business knowledge.
Reason for Selling:
Retirement.
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Fred Walker

Business Listed By:
Fred Walker

Murphy Business & Financial VA

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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