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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Child Day Care Center
(Educational, Day Care)
Ocean County , NJ
Listed Price: $ 495,000
Listing ID: DYCR566

Listing DetailsGross Revenue: $ 512,654
Cash Flow: $ 125,000
FFE: $ 275,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The owner is retiring after many successful years in this service industry.


Training & Support:

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


OperationsYear Established: 2001
Days & Hours of Operation: Mon.-Fri. 6:30am-6:30pm
Non-owner Payroll: $ 12,500
Employees: 12
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 20000
Monthly Rent: $ 11,400
Square Footage: 4500
Facilities:

Located on a convenient county road and prime area of Ocean County, New Jersey. The area consists of working family communities who continue to have a substantial demand for child day care and after school services. The facility is five years young, which consists of approximately 4,500 square feet in a free-standing building and various classrooms, kitchen, separate rooms for special activities and a wonderful outdoor pay area.


SummaryBusiness Description:

Modern children’s day care center located on an active county road in Ocean County, NJ. The center has an enrollment capacity for 93 children and the present capacity is approximately 90 children. The center offers services for children from age six weeks to private kindergarten and after school to age twelve. The program has State Certified Teachers, who are experienced and knowledgeable in their field. The center reviews the curriculum of the area public schools from where the children would normally attend. They structure the program to reflect the skills and concepts that they set forth in their curriculum guides to insure the children make a positive and successful transition into the public or private first grade programs. The program allows for children's individual differences and rates of learning through their small class size, varied materials and close communication between home and school regarding the child's educational progress. This business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $12,500. The offer will include a new fifteen-year commercial lease which expires 2031-01-01 plus an option to purchase the property, with a monthly rent of $11,400, cost per square foot is $30.40 and rent security $20,000. The business is active five days per week, with hours from 6:30 am to 6:30 pm. The 2017 yearly gross income is $512,654 plus discretionary income and yearly net income of $125,000 as an onsite owner operator and prior to debt service. The business has been valued at $495,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 dependable 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 business opportunity.


Competition:

To the best of our knowledge 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, poor web site optimization and semi absentee ownership, if improved can further developed the business bottom line income.


Financing/Terms:

Is considered to a qualified buyer with an appropriate down payment.