Established Day Care For Sale-29889

Richmond County, NY

Established Day Care For Sale-29889
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Asking Price: $400,000

Cash Flow: $140,000

Gross Revenue: $340,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Established: N/A

Established Day Care For Sale-29889

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Business Description

THE BUSINESS DESCRIBED BELOW IS RUN ABSENTEE. WORK THE BUSINESS, REDUCE STAFF AND ADD ANOTHER $50,000 TO YOUR TAKE-HOME PAY. A day care center located in Richmond County, New York has come on the market. Registered for 30 children combined, the business has a constant waiting list of children ages 2 to 6 for both the private and public sectors. Additional space is needed to serve that perpetual overflow as well as increase the business and that space,which is already built-out and included in the rent, is available one floor below. Cosmetic improvements to the lower level and application made to City and State are all that remain to increase revenues by a third and profits by 50%. In addition, the heavily populated neighborhood needs and wants after school child care service between the hours of 3 pm to 6 pm so parents can work full days before picking up their children. Throw summer learning camps into the mix and, all counted, revenues will increase from $340,000 per year to more than $500,000 and profits from $140,000 to well more than $200,000. Work the business and add an additional $50,000 to bring the revised earnings to more than $250,000. There is a 2 bedroom, never lived in, spacious apartment upstairs and that expected rental income is already factored in. The sellers work elsewhere (wife works the business part-time) and cannot add anything further to the business. They have decided to sell. The real estate is also available. In fact, the owner prefers to sell the business and real estate together.

Detailed Information

Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
400,000.00 Down
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other interest.
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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