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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Day Care Center
(Educational, Day Care)
Monmouth County, NJ
Listed Price: $ 395,000
Listing ID: DYCR546

Listing DetailsGross Revenue: $ 725,435
FFE: $ 270,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner seller is relocating out of state with family.


Training & Support:

The seller/ owner will remain post-closing to supply a transitional period also, franchise training and approval is required.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Fri. 6:30am-6:30pm
Non-owner Payroll: $ 24,000
Employees: 25
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 18000
Monthly Rent: $ 16,830
Square Footage: 10500
Facilities:

The business opportunity is in central / northern New Jersey in the county of Monmouth, located in an active commercial area with various highly populated affluent communities and continued demand for this personal service industry. The center is conveniently located on a major state highway. The facility is ultra-modern, with a beautiful design, consisting of multiple classrooms for each age group. The center has a full commercial kitchen; modern children & adult bathrooms and large indoor & outdoor children’s play areas. The facility has been built as a high capacity profitable children’s day care center.


SummaryBusiness Description:

Wonderful business opportunity for this National Franchise Children’s Day Care Center in a prime area of Northern / Central New Jersey with a 2017 gross income of $725,435 and a growing net yearly income to the owner operator. This franchise is a highly successful day care organization and offers full training & support to its franchisees. The franchise is an award winning national children’s day care franchise organization known for excellence in child care and 27 years of experience with servicing children and families. This center offers an optimal environment for children to learn and grow with a customized curriculum. This day care location is a state of the art child development center consisting of 10,500 square feet with a capacity for 158 children and a 5,000-square foot outdoor child play area. The center currently has an active, number of children enrolled and continues to expand. This day care franchise is considered the best in the industry, designed for a substantial net profit to the owner operator with continued growth opportunity. This industry requires New Jersey state government agency approval to operator however not to purchase. This business has twenty-five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of approximately $24,000. The business has an assignable commercial component which expires 2021 plus additional options, with a monthly rent of $16,830 all in, cost per square foot $24 and rent security $18,000. The business fixed assets has an estimated value of approximately $270,000 which is based on licensing and asset replacement cost and the sale consists of a fully equipped day care center with a state of the art design, consisting of multiple classrooms, modern children lavatories, indoor and outdoor play areas, computer system, website and a specialized curriculum for this center and a list of assets will be supplied to purchaser upon request. The business is active five days per week, with hours from 6:30 am to 6:30 pm. The sale includes state license approval, a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The business should evidence a 2018 yearly net income of approximately $90,000 based on an owner operator and prior to debt service. A due diligence is required in order to confirm the income and expenses. As of August 2018, the royalties will be reduced from 7% to 5%. Also, September enrollment is estimated to be approximately 110 children. The business has been valued at $395,000 based on a multiple of the business net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Transfer fee is $25,000. This is a remarkable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a continued return on investment to the onsite owner operator, and prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:

The franchise has a geographical non-compete restriction and to the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.


Potential Growth:

The business can be further developed with an improved marketing system, a more aggressive marketing plan and an improving web site, social media.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.