Quality Daycare & Property With Bank Financing

Hunterdon County, NJ

Quality Daycare & Property With Bank Financing
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Asking Price: $840,000

Cash Flow: $92,516

Gross Revenue: $401,881

EBITDA: N/A

FF&E: $25,000

Inventory: $2,000

Real Estate: N/A

Established: 2006

Quality Daycare & Property With Bank Financing

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Business Description

This is a great opportunity to own a well-established Hunterdon County non franchised daycare center and rental property. 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 insured consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 47 currently enrolled with six receiving subsidies and two Aftercare.
The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland, which is appraised at $625k. 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 very motivated to sell. The financial have been adjusted for owner’s Director’s salary and her partner’s over market teacher salary.
The business is valued at $215,000 with the property valued at the appraised price of $625,000 for a total of $840,000. A bank has reviewed the financials and had preapproved a business loan for a qualified buyer.
For further information, call broker Paul Holveck at 908-851-9040 x277

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
9F/T 3P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Owner will provide 2 weeks training
Reason for Selling:
Seller 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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