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National Franchise Pre School
(Educational, Day Care)
Ocean County, New Jersey
Listed Price: $ 225,000

Listing DetailsGross Revenue: $ 969,000
Cash Flow: $ 44,500
FFE: $ 275,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is retiring after many successful years.


Training & Support:

The owner will remain post closing and supply a satisfactory transitional period.


OperationsYear Established: 2008
Employees: 15
Absentee Owner: No
LocationLease Expire: 2032-01-01
Monthly Rent: $ 21,000
Square Footage: 10000
Type of Location: Stand Alone
Facilities:

The Day Care facility consists of 10,000 square feet in modern professional setting with various classrooms, children lavatories, private offices and private parking. The facility has multiple classrooms for different age groups, a large outdoor play area and ample storage and shelving. This business is located in an affluent area of Ocean County, New Jersey in a mall setting, on an active county road close to the Garden State Parkway.


SummaryBusiness Description:

Owner retiring after many successful years from this ultra-modern, National Franchise day care center in Ocean County, NJ. This seven year young, 10,000 sq. ft. center is approved for 165 children with an ultra-modern professional image. The center has a gross income of $969,000 and a consistent net yearly income. The staff and franchise believe that each child deserves to grow and learn at his/her own pace. Their responsibility as an Academy of Early Education is to provide the tools and the environment that will give every child the opportunity to develop to their greatest potential. Based on the asking price, required down payment and net income this business will supply a substantial return to the owner operator prior to debt service. The sale includes a fully turnkey day care operation, various required state and city licenses, an outdoor play equipment, including various equipment required for this particular children service industry. The Day Care facility consists of 10,000 square feet in modern professional setting with various classrooms, children lavatories, private offices and private parking. The facility has multiple classrooms for different age groups, a large outdoor play area and ample storage and shelving. This business is located in an affluent area of Ocean County, New Jersey in a mall setting, on an active county road close to the Garden State Parkway. This business has fifteen employees who are unaware of the pending sale and expected to remain post closing, monthly payroll $32,500. The business has an assignable commercial lease which expires 2032 with a monthly rent of $21,000 and rent security of two months. This particular industry requires a state license from the appropriate government agency and a certificate of occupancy in order to conduct its day to day operation. The 2014 gross yearly income is $969,000 and a yearly net income of $44,500. The business has been valued at $225,000 based on a multiple of the net yearly income and asset value. Inventory is included and owner / bank financing has been preliminary approved to qualified buyer with an appropriate down payment.This is an excellent safe business opportunity.


Competition:

This general area has limited similar competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.


Potential Growth:

With an improved marketing plan and web site, the business can be further improved resulting in an additional net profit to the owner operator.


Financing/Terms:

Seller financing is available to qualified buyers.