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Price Reduced Quality Day Care & Activity Center- Bank Financing

Hudson County, NJ

Seller Financing Available
Price Reduced Quality Day Care & Activity Center- Bank Financing
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Asking Price: $685,000

Cash Flow: $178,907

Gross Revenue: $564,241

EBITDA: N/A

FF&E: $20,000

Inventory: $1,500

Rent: $12,002.25 /Month

Established: 2014

Price Reduced Quality Day Care & Activity Center- Bank Financing

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Business Description

This is a must-see and a great opportunity to own a high growth, profitable children’s learning and activity center in an affluent and densely populated Hudson County town. The business is licensed and combines quality daycare with an indoor experiential activity center to help children learn through play by experiencing new things. The services include educational classes for ages 18 months to 7 years as well as open play, birthday parties, special events & summer camp. Newly opened just over 4 years ago, the business has accelerated, with 40 % revenue growth & cash flow tripling over the last 2 years. Currently, daycare is 65% of the business with opportunities for more growth. The daycare operates from 9am-12pm while the activity center is open throughout the day. The owner is currently concentrating on developing the Pre K program that has been a significant part of the growth.

The building is 3,380 sqft with 2 classrooms one of which doubles as a party room, a snack bar/classroom, soft play gym, open play gym, reception area, and 3 bathrooms. Although licensed for 26, the center maintains between 36-43 children throughout the school year by managing the part-time schedules which maximize the revenue. The activity center requires very little staffing and is a high margin complement to the overall business. Should the business warrant it, there is space to expand the daycare license to a capacity up to 60-75 pending the addition of new bathroom stalls.

This is a turnkey operation with a Director, quality staff, many with degrees, a customer database of over 2,800+, including local businesses & schools, multiple revenue streams & an excellent reputation. The owner is relocating out of state but will stay on to train the new owner and ensure a smooth transition.

The business is offered at $685,000 and a bank has pre-approved a loan for a qualified buyer with a down payment of $140,000 and financing for the balance. For further information, call broker Paul Holveck at 908-851-9040 x277

Detailed Information

Location:
Hudson County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,380
Lease Expiration:
N/A
Employees:
2 FT, 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Bank financing available for Qualified Buyer
Support & Training:
Seller will provide 2 weeks of training and transition the new owner
Reason for Selling:
Owner is moving out of state
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Paul Holveck

Business Listed By:
Paul Holveck

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Sponsoring Broker:
Larry Bodner

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