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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Day Care Lease Opportunity
(Educational, Day Care)
Monmouth County , NJ
Listing ID: DYCR554

Listing DetailsGross Revenue: $ 275,000
Cash Flow: $ 75,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

The sale is due to the owner’s retirement and family / children responsibilities


Training & Support:

The business is presently closed due to the owner retirement; however, the seller is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2001
Days & Hours of Operation: Mon.-Fri. 7:30am-6:30pm
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4000
Monthly Rent: $ 4,000
Square Footage: 2000
Facilities:

The business is in as middle-class community with many working families that continue to require childcare services. The surrounding local Communities also have a high demand for full day and after school child care services. The main facility is approximately 2,000 square feet on two floors with an additional outdoor area and a large playground. The site has an outdoor cabana style building which is consistently used for outdoor play, lunch and various other activities. This successful day care which consist of approximately 2,000 square feet has an attractive professional appearance. The business opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Attractive Children’s day care center available for lease, with an option for the real estate. This long-standing successful day care business is in a wonderful and convenient area of Monmouth County, NJ. The center is located on a spacious two-acre lot and consists of two structures; a free-standing building as the primary center, and an open pavilion which is used as a play area for outdoor play & learning. The center is currently licensed for 60 children but can be expanded due to the property size and zoning area. This transaction can include the business and real estate which is priced at fair market value. The location is very convenient and designed for children’s learning experiences and play activities. The owner has elected to retire from the day care industry to maintain her family and children. The center is fully equipped including a children’s in ground summer swimming pool and a full outdoor play area. The business previously generated a yearly gross income of $275,000 and a consistent income to the owner operator. This educational industry requires government licensing approval to operate. This day care center is presently closed and is fully licensed and prepared to re-open, also, previously the business had six full and part time employees, the monthly payroll expense was approximately $7,800. This business transaction will include a new commercial lease which will expire 2028-01-01, plus additional options, with a monthly rent of $4,000, cost per square foot is estimated at $25.00 and rent security of approximately $4,000. The sale also offers an option to purchase the real estate. This center is approved for sixty (60) children, ranging from infants to six years old. Due to the size of the property, multiple acres, the center can be further developed by expanding with additional structures. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,000 square feet. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped day care center. This successful day care business operation was active five days per week, with hours from 7:30 am to 6:30 pm. The previous yearly gross income of this day care center was approximately $275,000 and a yearly net income of approximately $75,000 based on an onsite owner operator and prior to any debt service. This business opportunity is available with a long-term lease and an option to purchase the property. The real estate is available at appropriate fair market value. This is a wonderful opportunity to own a long established, reputable children’s day care center business. Based on the asking price, required down payment and net income this business can supply a wonderful return to the owner operator prior to debt service. Based on a 25-year payout at 5% interest, approximately 20% down payment purchaser can hopefully obtain a consistent net yearly income return on investment after debt service. The business is closed, and all viewings are by appointment only and photo does Not represent this business opportunity.


Competition:

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


Potential Growth:

The business requires a marketing plan, web site and a social media presentation in order to develop the business yearly / gross sales.


Financing/Terms:

N/A