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Non Franchised Daycare w Bank Financing

Hunterdon County, NJ

Non Franchised Daycare w Bank Financing
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Asking Price: $195,000

Cash Flow: $126,510

Gross Revenue: $452,653

EBITDA: N/A

FF&E: N/A

Inventory: $2,500

Real Estate: $604,000*

Established: 2006

*not included in asking price.

Non Franchised Daycare w Bank Financing

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Business Description

This is a great opportunity to own a well established Hunterdon County non franchised daycare center. It enjoys an outstanding reputation, having received awards for Excellence over the last 12 years. The building is 4,065 sqft with three large classrooms, each with sections for separating age groups. It also has
a central playroom, kitchenette, office, and large outdoor playground. There is storage space upstairs which can be used for a Director’s office. Services include After Care & Summer Camp.

There has been consistent revenue and cash flow over the last several years as the owners have reduced expenses without sacrificing the quality of the education. The public Pre-K option in the town is very limited which insures consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 47 currently enrolled with six receiving subsidies and two Aftercare.

The property is also available for purchase and is priced separately at its appraised value of $604k. The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland, The property is improved with a residential home generating rental income of $18k annually, a separate storage building, & a workshop with half bath & heating. The partners are retiring and moving to Florida and are selling the
business and property as one package with bank financing. The financials have been adjusted for owner’s Director’s salary.

The business and property are now priced at $195,000 and $604,000 respectively for a total of $799,000. A bank has reviewed the financials and has preapproved a business loan for a qualified buyer. For further information, call broker Paul Holveck at 908-851-9040 x277

Detailed Information

Location:
Hunterdon County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
9F/T 3P/T
Support & Training:
Owner will provide 2 weeks training
Reason for Selling:
Sellers retiring and moving to Florida
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(from currently available funds)
 
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Paul Holveck

Business Listed By:
Paul Holveck

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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