Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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National Franchise Day Care
(Educational, Day Care)
Morris County , NJ
Listed Price: $ 275,000
Listing ID: DYCR581

Listing DetailsGross Revenue: $ 1,068,148
FFE: $ 425,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The owner / seller has elected to retire from this industry.


Training & Support:

The seller/owner will remain post-closing in order to supply an appropriate transitional period to the new operator. However, the franchise requires training for each new franchisee.


OperationsYear Established: 2017
Days & Hours of Operation: Mon.-Fri. 6:30am-6:30pm
Non-owner Payroll: $ 28,500
Employees: 18
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 30000
Monthly Rent: $ 28,376
Square Footage: 11900
Facilities:


This modern attractive day care facility consists of 11,900 square feet with private parking as part of the lease agreement. The center has a 5,000 square foot state of the art, safe, outdoor play area. The facility has multiple classrooms for different age groups, and lots of storage and shelving. The center has a fully equipped commercial kitchen which usually represents additional income to this business operation. This center is located in a wonderful affluent area of Northern New Jersey, with continued demand and on an active county road close to various state highways for parent convenience.


SummaryBusiness Description:

Extremely successful National Franchise Children’s Day Care Center in a highly affluent area of Northern New Jersey, Morris County. This business opportunity consists of an ultra-modern children’s center and functions as a day care and preschool. The center has a capacity for one hundred sixty-one (161) children ages 6 weeks to 13 years old, and presently has ninety (90) active children enrolled. The center consists of 11,900 square feet in a free-standing modern facility with all updated amenities including a fully equipped 5,000 square foot modern outdoor children’s play center. This childcare center stands out from the competition by featuring many qualities parents are seeking for their children: a very low teacher to student ratio, separate childcare and preschool areas, high-level security procedures for visitor and parents’ entry, spacious classrooms, multiple outdoor activities and overall safety and school-like environment. This franchise is not just a daycare facility but also a complete child development center with a dynamic and fun environment that is committed to quality care and education. They offer warm and loving teachers, phenomenal curriculums and the simple extras that makes bringing your child to day care an easy and stress-free event. The facility is divided into various classrooms based on age and development beginning with their state-of-the-art infant rooms and children advance into the Toddlers, Twaddle’s, Preppers, Preschool, Pre-K and Kindergarten programs. The cost to open a new center represents hundreds of thousands of dollars and approximately $150,000 in working capital plus two years of development to reach a profitable income. This day care center has eighteen full / part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is estimated at approximately $28,500. The business has an assignable commercial lease which expires 2025 plus additional options, with a monthly rent of $28,375.97, cost per square foot $28.61 and rent security of approximately $30,000. This center is active five days per week, Monday-Friday, with hours from 6:30 am to 6:30 pm, which can be extended based on the particular owner. The business opportunity has been valued at $275,000 based the value of the specific business assets and the present cash flow. Also, institutional financing has been pre-approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Purchaser is responsible for franchise transfer fees. Based on the asking price, required down payment and net income this business can continue to supply a wonderful and dependable return on investment to the owner operator. 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:

The franchise policy is not to compete with any of its member franchisees, also to the best of our knowledge due to various circumstances, no other new competitors are expected near to this business. The franchise and seller have agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The present owner is presently semi absentee, and this day care business can be further developed with a full-time onsite owner operator and by instituting an improved marketing plan with local advertising.


Financing/Terms:


Seller financing is available to qualified buyers.