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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Burlington County Day Care Center
(Educational, Day Care)
Burlington County , NJ
Listed Price: $ 99,900
Listing ID: DYCR557

Listing DetailsGross Revenue: $ 170,000
Cash Flow: $ 36,000
FFE: $ 45,000 (Included in Price)
Inventory: $ 500 (Included in Price)
Reason for Sale:

Sale is due to the owner’s illness and family obligations.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2010
Days & Hours of Operation: Mon.-Sun. 6:30am-6pm
Non-owner Payroll: $ 6,550
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6000
Monthly Rent: $ 4,000
Square Footage: 2000
Facilities:

This successful retail facility which consist of approximately 2,000, square feet have an attractive professional appearance. The business is in a mid-size commercial mall with numerous other active and successful businesses. This opportunity is in Southern New Jersey, Burlington County, which consists of various highly populated communities with continued demand for this particular service and industry.


SummaryBusiness Description:

Wonderful business opportunity to purchase this wonderful children’s day care center in a highly active community of Burlington County, New Jersey. The center is approved for forty-five children and offers a twelve-month service to the parents it serves. The center is licensed with the New Jersey Department of Community Affairs and is registered with the department of Children & Families. The facility does not offer infant care; however, it does offer afterschool services. For Qualifications purposes, this business opportunity industry requires state government licensing approval to operate in addition to the standard municipal licenses. Regarding employees and payroll, this day care company has four full / part time employees who are unaware of the pending sale. As per this industry, the payroll is primarily based on an hourly basis, also the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $6,550. The business transaction has an assignable commercial lease which expires 2028-01-01, plus additional options available, with a monthly rent of $4,000, cost per square foot is estimated at $24.00, and rent security of approximately $6,000. The business fixed assets has an estimated value of approximately $45,000 which is specifically based on the original equipment and licensing replacement cost. This successful active day care business operation is active five days per week, with hours from 6:30 am to 6:00 pm. The 2018 projected yearly gross income represented by the seller-owner is $170,000 and the business expects a yearly net income of approximately $36,000 based on an onsite owner operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, a formal due diligence is recommended to the purchaser. The center presently has approximately thirty-five children for its summer program. The business has been valued / priced at $99,900 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing may be available conditionally, to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding 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 can be further expanded by the new operator, with a marketing plan and an improved web site, also there is no local advertising, and if improved can further develop the business yearly gross sales.


Financing/Terms:

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