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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Day Care Center Morris Cty. NJ
(Educational, Day Care)
Morris County , NJ
Listed Price: $ 99,000
Listing ID: DYCR579

Listing DetailsGross Revenue: $ 258,267
Cash Flow: $ 30,000
FFE: $ 85,000 (Included in Price)
Reason for Sale:

Sale is due to owners retirement.


Training & Support:

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


OperationsYear Established: 1999
Days & Hours of Operation: Mon.-Fri. 7am-6pm
Non-owner Payroll: $ 12,200
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12500
Monthly Rent: $ 6,404
Square Footage: 2500
Facilities:


This day care operation which consist of approximately 2,500, square feet, two floors are licensed for seventy-five children and has a modern professional appearance. The business is in a mid-size commercial mall with various other retail businesses located on a convenient county road. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent and highly populated communities with continued demand for this private and personalized service.


SummaryBusiness Description:

Highly motivated to sell, this wonderful successful children’s day care center located in an affluent city of Morris County, New Jersey. This facility is zoned for seventy-five (75) children consisting of two floors with a modern attractive image. The center offers full and part-time programs from infant to school age children and full and part-time kindergarten programs. The children's days are filled with play, fun, and learning and they enjoy playing together, with their teachers, singing songs, and doing art projects. They use a creative curriculum because it is a center-based learning program and each classroom is divided into separate interest. The center allows for children to learn at their own pace and in their own style and there is a different theme, and lesson plans written by the teachers that reflect the theme. The Center is licensed by the State of New Jersey and their certified staff maintains a safe, clean and well-maintained facility for the children. The staff is experienced in providing opportunities for socializing, learning and nurturing of the children. They are caring and responsive to the children’s needs and provide a comprehensive curriculum that stresses learning through fun and exploration. This day care center has five full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $12,200. This business transaction will offer a new commercial lease which will expires 2028, plus additional options, with a monthly rent of $6,404, cost per square foot is estimated at $30.00 and rent security of approximately $12,500. This successful children’s day care business operation is active five days per week, with hours from 7:00 am to 6:00 pm. The 2017 yearly gross income is $258,267 and the business has a yearly net income of approximately $30,000 which is based on the director’s salary and based on an onsite owner operator and prior to any debt service. 2018 remains the same. Due to the present circumstances and the seller motivation, the business has been valued / priced at $99,900 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved 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 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 presently has limited hours which should be extended, no marketing plan, or local advertising, and poor web site and if improved can further develop the business yearly gross sales.