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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)
Sussex County , NJ
Listed Price: $ 125,000
Listing ID: DYCR563

Listing DetailsGross Revenue: $ 128,000
Cash Flow: $ 40,268
FFE: $ 85,000 (Included in Price)
Inventory: $ 1,200 (Included in Price)
Reason for Sale:

The owner is retiring due to family and children responsibility.


Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.


OperationsYear Established: 2008
Days & Hours of Operation: Mon.-Fri. 6am-6pm
Non-owner Payroll: $ 4,500
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3500
Monthly Rent: $ 3,500
Square Footage: 2500
Facilities:

This business is in Northern New Jersey in the county of Sussex on an active county road and convenient to Route 80 and US highway 46. This area of Sussex county services various affluent cities representing thousands of residents with continue need for this personal service. This modern attractive facility consists of two floors 2,500 square feet with various bright classrooms, full kitchen, office and additional rooms used for storage space and play areas. The facility has an attractive outdoor play area which has been recently upgraded and modernized.


SummaryBusiness Description:

Wonderful business opportunity to own and operate this modern attractive children’s day care center in Northern, New Jersey, in the county of Sussex. The center has a capacity for 50 children, with a current enrollment of 20 children, consisting of 2,500 square feet and conveniently located on an active county road and close to various highways, making it convenient for parents and employees. The average cost per child tuition is $8,832.20 yearly which represents an excellent investment return to the owner operator. The general area consists of various highly populated working-class communities and continued need for this personal service. The owner is retiring due to family and children responsibilities and has priced the business very aggressively for an immediate sale with an option to purchase the real estate. This business opportunity has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $4,500. The business transaction will have an assignable commercial lease which expires May 20, 2025 plus additional options, with a monthly rent of $3,500, cost per square foot is $16.80 and rent security $3,500. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost and the sale represents a fully equipped licensed functioning day care center. The business is active five days per week, with hours from 6:00 am to 6:00 pm. The 2017 yearly income is $128,000 and yearly net income was $40,268 prior to debt service and based on an onsite owner operator. The center presently has 20 children enrolled. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator. Please do not disturb business, employees are not aware of the pending sale, this sale is confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

To the best of our knowledge due to various circumstances including license requirements, 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 limited marketing plan, no web site and if improved can further developed the business bottom line corporate income.


Financing/Terms:

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