Very Profitable Befor & After School Business

IL

Very Profitable Befor & After School Business
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Asking Price: Get Financing: $1,895,000

Cash Flow: $337,876

Gross Revenue: $1,076,345

EBITDA: N/A

FF&E: $200,000

Inventory: $40,000

Lease Rate: $8 /SF/Year

Established: 1990

Very Profitable Befor & After School Business

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Business Description

Verified steady results to expand your existing business with a daycare that enrolls over 300 students.
1. Revenues for 2015: $1,076,345
2. Total margin for 2015: 31.4%
3. Average Annual Revenues last 3 years: $1,021,000
4. Seller’s Discretionary Earnings (SDE) average last 3 years: $337,876*
5. Seller’s salary average 3 years: $181,940
6. Business Value includes FFE and good will: $200,000
7. Licensed Capacity maximum 360 children at one time
8. Business in operation since 1990
9.Present equivalent full time children is 300 in existing space
10.Hours of operation from 6:30 AM to 6:30 PM
11.Rent is $4,250 per month

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
42
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This offering is for the purchase of a an operation that administrates preschool, afterschool, and child care. The preschool, afterschool, child care operations are housed in class rooms in the elementary schools in south suburbia school districts in the greater Chicago area. Ownership provides care and supervision for school age children via a before and after school program and summer program in six Elementary schools in the greater Richton Park/Mattson/Park Forest area. Presently the owners provide a full day preschool program serving three through five year olds and preschool and school age child care via a before and after school and a summer program at two locations. There are 65 grade school children occupying these class rooms.
Competition:
The adjacent two school districts have 4,771 enrolled elementary school children and 9% or 429 of them would be pre and after school candidates. Ownship has already started contacting these two adjacent school districts and has discussions for implementing the same service that it has in the originial school districts
Growth & Expansion:
As the housing and economy picks up, the demand for additional slots in pre and after school centers will increase and the timing for purchasing this business is very good. The business has a sterling reputation with many years in service, has low staff turnover, and has several program types. This demonstrates the potential that this business can have in producing a dramatic increase in the Buyers cash flow.
Support & Training:
They have provided child care for 25 years in and leased 14 class rooms at a rate of $4,250 per month . The classes are licensed for 360 grade school children and there are 270 children occupying these class rooms. Each school has “one school age site coordinator” who can also acts as a teacher and each class room has a teacher. The owners also maintain a full day preschool program serving three through five year olds
Reason for Selling:
Retirement
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Romeo Mura

Business Listed By:
Romeo Mura

Stonegate Commercial Real Estate

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