Pre School & Day Care

Ocean County, NJ

Seller Financing Available
Pre School & Day Care
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Asking Price: $165,000

Cash Flow: $84,000

Gross Revenue: $301,181

EBITDA: N/A

FF&E: $75,000

Inventory: $1,000

Rent: $2,500 /Month

Established: 2001

Pre School & Day Care

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Business Description

Excellent business opportunity for this modern well-maintained combination Preschool & Day Care center approved and zoned for thirty-nine (39) children with an average enrollment of approximately sixty full & part time children. The school provides balanced learning by integrating recreational activities with academics. This is a dependable safe business opportunity which can be expanded by increasing the closing hours from 3:00 pm to 5:30 pm. This business offering will evidence a 2018 gross yearly income of $301,181, a net yearly income of $84,000. This successful New Jersey licensed pre-school & day care center is a profitable educational business that serves various communities of Ocean County. The center offers an enriching environment and offers child-centered curriculum that foster self-confidence and sense of freedom among children. The school provides balanced learning by integrating recreational activities with academics. This is a dependable safe business opportunity which can be expanded by increasing the closing hours from 3:00 pm to 5:30 pm. Please call for additional information. New ten-year lease. Rent $2,500 per month. For Qualifications purposes, this business opportunity & industry requires New Jersey State government licensing approval to operate in addition to the standard required municipal licenses. This business opportunity which represents a children’s preschool center is in Central New Jersey, Ocean County. The general area consists of various affluent and highly populated communities with continued demand for this industry. This thriving childcare preschool center consists of a modern free-standing structure, conveniently located for parent convenience. The business facility consists of approximately 1,680 square feet with an innovative and attractive appearance.
This business transaction will offer a new commercial lease which will expires 2030, plus additional options, with a monthly rent of $2,500, cost per square foot is estimated at $15.55 and rent security of approximately $5,000. This children’s center consist of seven full and part time employees with substantial experience who are unaware of the pending sale. The payroll is primarily based on an hourly wage, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,800. This business opportunity is in a free stranding commercial facility, zoned 4A-Commercial, on a convenient road, consists of approximately 1,680 square feet and has a capacity for thirty-nine full time children. The property dimensions are 75 X 165 IRR, two story, 2018 estimated property taxes of $6,540.14, and a tax rate of $22.78. The location has a safe, modern interior, and state approved children’s play area. The business fixed assets has an estimated value of approximately $75,000 which is based on the original equipment and licensing buildout & replacement cost in addition to the multiple of the existing net yearly income. This transaction consists of a fully equipped children’s day care and preschool, which includes, required licenses, website, social media venues, separate class room, exterior play area, displays, shelving, POS accounting system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.
The facility has appropriate private parking on and near to the site. This center is active five days per week with hours from 7:15 am to 3:30 pm and the center presently does not offer after school service.The sale includes all of the required documentation including a certificate of occupancy from the local municipality, the required state licenses and the city approvals to conduct its day to day business.
The seller / owner will remain after closing and is prepared to supply an appropriate transitional period to the new owner / operator. The purpose of this business transaction is due to the owner’s retirement. The business can be further developed by the new operator, by increasing its closing hours to 6:30 pm, and with an improved marketing plan with local advertising. To the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The 2018 yearly gross income represented by the seller / owner is $301,181 and the business has a yearly net income of approximately $84,000 based on an onsite owner operator and prior to any debt service. Also, a formal due diligence is recommended by the purchaser. This business opportunity has been valued / priced at $165,000 which is based on a multiple of the net yearly income, includes the value of the specific business assets and option to purchase the real estate. The sale option of the property is coordinated by the sellers NJ real estate brokerage company. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Detailed Information

Location:
Ocean County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,680
Lease Expiration:
1/1/2030
Employees:
Seven
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business opportunity which represents a children’s preschool center is in Central New Jersey, Ocean County. The general area consists of various affluent and highly populated communities with continued demand for this industry. This thriving childcare preschool center consists of a modern free-standing structure, conveniently located for parent convenience. The business facility consists of approximately 1,680 square feet with an innovative and attractive appearance.
Competition:
To the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business can be further developed by the new operator, by increasing its closing hours to 6:30 pm, and with an improved marketing plan with local advertising.
Financing:
Can be available to a qualified buyer with an appropriate down payment.
Support & Training:
The seller / owner will remain after closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is retiring after many successful years in this industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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