CHILDRENS’S DAY CARE DYCR618

Price: $550,000

Location: Ocean County, New Jersey USA

Industry: Day Care

Listing ID: DYCR618

Excellent business opportunity for this modern well-maintained combination Preschool & Day Care center approved and zoned for thirty-nine (39) children with an average enrollment of approximately sixty full & part time children. The school provides balanced learning by integrating recreational activities with academics. This is a dependable safe business opportunity which can be expanded by increasing the closing hours from 5:30 pm to 6:30 pm. This successful New Jersey licensed pre-school & day care center is a profitable educational business that serves various communities of Ocean County. The center offers an enriching environment and offers child-centered curriculum that foster self-confidence and sense of freedom among children. The school provides balanced learning by integrating recreational activities with academics. This center is required by the State Child Care Center Licensing law to be licensed by the Office of Licensing, Child Care & Youth Residential Licensing, in the Department of Children and Families (DCF). A copy of the current license is posted in a prominent location at the center. This business opportunity is in a free stranding commercial facility, zoned 4A-Commercial, on a convenient road, consists of approximately 1,680 square feet and has a capacity for thirty-nine full time children. The property dimensions are 75 X 165 IRR, two story, 2018 estimated property taxes of $6,540.14, and a tax rate of $22.78. The location has a safe, modern interior, and state approved children’s play area.

Listing Details

Revenue: $316,000

Cash Flow: $100,000

FFE: $75,000 (Included in Price)

Inventory: $1,500 (Included in Price)

Real Estate:$375,000 (Included in Price)

Form of Ownership:

C Corp

Terms and Conditions?:

The 2018 yearly gross income represented by business tax returns is $301,181 and the business has a yearly net income of approximately $114,089 based on an onsite owner operator and prior to any debt service. The 2019 gross income is $316,790 and a similar net yearly income. Also, a formal due diligence is recommended by the purchaser.
This business opportunity has been valued / priced at $550,000 which is based on a multiple of the net yearly income, includes the value of the specific business assets and real estate coordinated by owner’s realtor.

Reason For Sale:

The purpose of this business transaction is due to the owner’s retirement.

Training & Support:

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

Operation

Year Established: 2005

Year of Last Acquisition: 2005

Days & Hours of Operation: This center is active five days per week with hours from 7:15 am to 5:30 pm and the center presently does not offer after school service.

Owner Hours Per Week: Full Time

Non-Owner Payroll: $120,000

Employees: This children’s center consist of seven full and part time employees with substantial experience who are unaware of the pending sale. The payroll is primarily based on an hourly wage, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $9,800.

Location

Type of Location: Commercial

Square Footage: 1820

Relocatable?: Yes

Facilities Information:

This business opportunity which represents a children’s preschool center is in Central New Jersey, Ocean County. The general area consists of various affluent and highly populated communities with continued demand for this industry. This thriving childcare preschool center consists of a modern free-standing structure, conveniently located for parent convenience. The business facility consists of approximately 1,680 square feet with an innovative and attractive appearance.

Ron Cervelli

contactus@regalconsultants.com

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