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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Children\'s Day Care/Pre-School Center
(Educational, Day Care)
Morris County , NJ
Listed Price: $ 160,000
Listing ID: DYCR555

Listing DetailsGross Revenue: $ 266,900
Cash Flow: $ 70,000
FFE: $ 44,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The seller is retiring due to family obligations.


Training & Support:

The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator.


OperationsYear Established: 2000
Days & Hours of Operation: Mon.-Fri. 7am-6pm
Non-owner Payroll: $ 13,800
Employees: 9
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4000
Monthly Rent: $ 3,000
Square Footage: 2200
Facilities:

This children’s day care business opportunity is located in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this particular child service. The facility has an attractive modern appearance which consist of 2,200 square feet with a private entrance, attached to a commercial church center. This day care center is conveniently located on an active county road with various other active businesses and minutes from Route 80 state highway.


SummaryBusiness Description:

Highly popular seventeen-year-old children’s day care/preschool center located in Northern New Jersey Morris County with a gross income of $226,900 and a net yearly income of $70,000 based on an onsite owner operator. The center is New Jersey state certified as a children’s day care center, approved for forty-two (42) children and services kids from the age of 1 ½ to age 6. The center is state certified, and their staff is fully experienced, educated and degreed, caring, mature individuals with CPR, First Aid, and Disease Prevention Certification. Also, to maintain the highest quality of service to their children, the staff is consistently supplied current Preschool/Childcare material and all staff is required to attend professional development workshops. Additionally, State certified background check and fingerprint verification is performed on all employees. The center follows the Creative Curriculum philosophies which believes that young children learn the best in a happy relaxed atmosphere. The center has supplied quality child care and educational services to its students for many years. The Center is conveniently close to all the Northern New Jersey highways. The day care center offers an unparalleled level of convenience to their parents and that can make the difference between getting to work on time and having to scramble every morning. Their educational programs are well above average, in addition to their cultural and enhanced courses of study including Music, Dance, Computer Tots, and Language. This wonderful business has nine full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $13,800. The business opportunity has an assignable commercial lease which expires March 1, 2021 with a monthly rent of $3,000, cost per square foot is $16.36 and rent security $4,000. The business assets have an estimated value of approximately $44,000 which is based on the replacement cost of the assets and licensing value. The sale consists of a fully equipped children’s day care center. The company is active five days per week, with hours from 7:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $160,000 based on a multiple of approximately three times the average net yearly income, which includes the value of the specific business assets. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 28% investment return to the owner operator, 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 does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, no other new day care 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 gross income.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.