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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Children\'s Day Care Center
(Educational, Day Care)
Middlesex County , NJ
Listed Price: $ 69,000
Listing ID: DYCR552

Listing DetailsGross Revenue: $ 302,000
Cash Flow: $ 29,992
FFE: $ 100,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

The corporate owners are absentee involved in an alternative industry.


Training & Support:

The corporate owners will remain post-closing in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Fri. 6:30am-6:30pm
Non-owner Payroll: $ 13,800
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 7,025
Square Footage: 4500
Facilities:

This wonderful business opportunity is in Northern New Jersey, Middlesex County. The city consists of various affluent & highly populated communities with continued demand for this specialized service. This modern center which consist of 4,500 square feet is approved for fifty-two children from infants to age six years. The facility has a modern professional appearance and is in a commercial campus with various other active and successful businesses.


SummaryBusiness Description:

Modern and attractive fully licensed children’s day care / preschool center in a wonderful area of Middlesex County, New Jersey. The Center is a privately-owned company that offers professional child care services in the general area. They provide a variety of learning measures for the children, including exciting activities and comprehensive curriculum that is best designed for each child’s needs. Entrusting your child with another individual for early learning and care is one of the most important decisions you will make. It is their goal to provide the loving gentle environment that you want for your child. They believe that each child is a special individual with unique needs and interests. Their curriculum has been designed to be creative and enriching so that each child will learn at his/her own pace and developmental level. Understanding and respect for the child will encourage full growth in all areas. They strive to make the child’s experience one that will provide the basic positive skills of social interaction and early learning. This industry requires New Jersey State government agency approval to operate. This particular business has six full time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $13,800. The business has an assignable commercial lease which expires April 4, 2024, with a monthly rent of $7,025, cost per square foot is $18.73 and rent security $8,000. The business assets have an estimated value of approximately $100,000 based on equipment and licensing replacement cost and the sale consists of a fully equipped children’s day care center. The business is active five days per week, with hours from 6:30 am to 6:30 pm. The sale includes the New Jersey state license, the certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $69,000 based on a multiple of three times the net yearly income which includes the value of the specific business assets and financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 does Not represent this particular business opportunity.


Competition:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, basic web site and if improved can further develop the business net income.


Financing/Terms:

May be available.