Profitable Child Care Facility in Tidewater Virginia

VA

Profitable Child Care Facility in Tidewater Virginia
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Asking Price: $320,000

Cash Flow: $120,934

Gross Revenue: $459,323

EBITDA: N/A

FF&E: $54,491

Inventory: N/A

Established: 2005

Profitable Child Care Facility in Tidewater Virginia

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Business Description

Pre-approved for SBA financing!

Located in the beautiful Tidewater Virginia region, this local daycare facility serves about 85 children from 6 weeks to age 12 (currently licensed for 96 but chooses to limit enrollment). The purpose-built facility allows for the separation of children by age group to optimize play and learning. With about a 50/50 mix of private pay vs. subsidized students, this business is able to serve the needs of the entire community and currently has a waiting list for new clients. This is NOT a franchise - company was built from the ground up to fill a gap in the local area. The experienced FT and PT staff focuses on child development through education and nurturing.

Detailed Information

Employees:
10 FT/10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 3468 sq ft facility is located on just over 2 acres and provides ample room for kids to play outside. Plenty of parking and great central location. Facility includes separate infant room, full kitchen, and administration space. Property is not included in sale price but is available for sale at $525,000. Property sale will be represented by KW Commercial.
Competition:
There is HUGE demand for quality childcare in this area and very little competition.
Growth & Expansion:
The business is currently licensed for 96 children based on the square footage of the facility. There is ample land to expand the current facility to accommodate more.
Financing:
Lender pre-screened with $48k down.
Support & Training:
Will train for 2 weeks @ $0 cost. The new owner, if serving as Director, should have Infant/Child CPR certification and be able to pass a background check. Ideally will have experience in early childhood education. Business is required to maintain a state Social Services license, Business license, Health Department license and operation permit from state Fire Marshall.
Reason for Selling:
Owners are retiring.
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Contact the Seller

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Michael Metzger, CBI

Business Listed By:
Michael Metzger

Murphy Business & Financial Corporation, LLC

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