Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Day Care Center Opportunity
(Educational, Day Care)
Middlesex County , NJ
Listing ID: DYCR587

Listing DetailsGross Revenue: $ 400,677
FFE: $ 245,000 (Included in Price)
Reason for Sale:

The sale is due to the owner’s retirement.


Training & Support:

The owner/seller will remain post-closing for 30 days to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2004
Days & Hours of Operation: Mon.-Fri. 7:00am-6pm
Non-owner Payroll: $ 13,500
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Monthly Rent: $ 10,000
Square Footage: 3652
Facilities:


Highly active residential / commercial area of north central New Jersey and in the County of Middlesex. The general area consists of a highly-populated city with numerous surrounding urban cities. The facility which consist of 3,652 square feet has a warm modern attractive image. The business is located on an active commercial avenue near various highways conveniently located for the children and parents its services.


SummaryBusiness Description:

Wonderful day care center purchase opportunity which was founded in 1995 as a state-of-the-art facility and conveniently located in the heart of Middlesex County, New Jersey. The center is also located near numerous highly popular active communities with continued need for child care service. Their experienced, loving staff provides children with a home away from home. This day care center has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $13,500. This sale will include a new lease with a monthly rent of $10,000, cost per square foot $32.86. The property consists of 110 x 164, with an attractive outdoor play area. The day care center business operation is active five days per week, with hours from 7:00 am to 6:00 pm.This is a dependable business opportunity. This business transaction has been valued based on a multiple of the net yearly income including the value of the specific business assets and licenses. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 particular business opportunity.


Competition:

This general area, which consists of various highly populated communities has other competitors however to the best of our knowledge, 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:

This business operation presently has a limited marketing plan, poor web site and if improved can further improve the enrollment and income.


Financing/Terms:


May be considered to a qualified buyer.