MORRIS COUNTY DAY CARE. DYCR711

Price: $350,000

Location: Morris County, New Jersey

Industry: Day Care

Listing ID: DYCR711

Potential opportunity for EB-5 US Visa Investor

Modern attractive professional children’s day care operation located in Northern New Jersey minutes from Route 80 and in the county of Morris. The center is licensed and approved by the state of New Jersey with a capacity for 101 children which includes infants. This is a modern children’s day care center which is available with owner financing. This is a dependable safe business opportunity and based on the price, further growth potential, this business expects to supply a consistent return on investment to the owner operator. This sale is fully confidential. The 2022 yearly gross income as represented by seller is $763,489.13 with a net income of approximately $147,000. Also, 2023  gross income is projected to be increased.

Listing Details

Revenue: $763,489

Cash Flow: $146,999

FFE: $125,000 (Included in Price)

Inventory: $750 (Included in Price)

Reason For Sale:

The purpose of this business sale is due to the owner’s alternative day care business, out of the county-area which now requires her full time attention.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.

Operation

Year Established: 2018

Year of Last Acquisition: 2018

Days & Hours of Operation: Days Hours of business operation; this business is active five days per week, closed Saturday & Sunday, with hours from 6:30 am to 6:00 pm.

Owner Hours Per Week: Absentee

Employees: Regarding employees and payroll; this day care operation consist of ten full and part time employees who are unaware of the future sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $14,000.

Absentee Owner?: Yes

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 9724

Type of Location: Active commercial Mall

Square Footage: 6152

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern central New Jersey, Morris County minutes from Route 80 and on a highly active county road. The business is in a commercial setting conveniently located for parents and staff. This business facility consists of approximately 6,152 square feet with an attractive and professional appearance. The center has a private entrance, various classrooms, and a safe outdoor play area.

Summary

Historical Summary:

This is a five-year-young full-service licensed day care operation.

Owner Qualifications:

For Qualifications purposes; this day care business opportunity requires New Jersey State government licensing approval to operate in addition to the standard required municipal licenses.

Competition:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this day care operation. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Regarding growth and expansion, the retail company can be further developed with continued marketing including specifically local advertising. The present owner relies on Facebook and google advertising. Additionally, the day care was seriously affected by the pandemic and is now enrolling additional children monthly.

Financing/Terms:

Seller financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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