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Quality Daycare w Bank Financing

Middlesex County, NJ

Quality Daycare w Bank Financing
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Asking Price: $435,000

Cash Flow: $157,130

Gross Revenue: $647,231

EBITDA: N/A

FF&E: N/A

Inventory: $5,000

Established: 1994

Quality Daycare w Bank Financing

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Business Description

This is a great opportunity to own well-established (25 yrs), stand out Middlesex County non- franchised daycare center with a family atmosphere. It enjoys an excellent reputation and is well situated on a high traffic main county road near a bus stop to NYC. The curriculum has been enhanced with stimulating additions such as dramatic play, foreign language, fitness, special events & more. The center is licensed for 104 children, ages 6 weeks to 12. Currently, 84 are enrolled of which 28 are state-supported with co-pays.

The building is 4,500 sqft, with 7 classrooms, a front desk, office, and an enormous 3 section playground for individual play by age group. Services include a comprehensive child progress program with the parents, a Schools Out Program for child drop off (up to age 12) when public schools are closed, & Summer Camp which is the best in the area. Enrollment actually increases in the summer, attracted by the weekly trips, water games, and other fun crafts and challenges. The owners oversee an excellent, experienced staff of 16, with many that are long term and/or have college degrees or credits toward a degree. The lease is for three years with a 5 yr option.

There has been consistent revenue and cash flow over the last several years. There is no public Pre-K option in the town which ensures consistent Pre-K enrollment in the future. The financials are based on tax returns for the last three years and the cash flow assumes a full-time owner-operator. The owners have been dedicated to providing quality child care for many years and have now decided to retire. They are very motivated to sell and to ensure a successful transition they will provide two weeks of on-site training to assist the new owners.

The business is offered at $435,000 with a down payment of $87,000 and bank financing for the $348,000 balance for a qualified buyer. For more details call Paul Holveck at Executive Business Brokers, 732-266-8136.

Detailed Information

Location:
Middlesex County, NJ
Inventory:
Included in asking price
Employees:
16
Support & Training:
Owners will provide 2 weeks of training to ensure a successful transition.
Reason for Selling:
Owners are retiring
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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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