MORRIS COUNTY NJ DAY CARE. DYCR698

Price: $395,000

Location: Morris County, New Jersey

Industry: Day Care

Listing ID: DYCR704

Ultra-Modern successful children’s day care and preschool center located in an affluent area of Morris County New Jersey. The center was approved for sixty (60) children which includes infants and before and after services with a past yearly gross income of $644,485 and a net income of $180,000. The center now has a capacity for twenty-five children with adjustments to a greater capacity. This profitable day care center consists of a new location, free-standing building on a commercial avenue for parent convenience. Their program is designed to foster creativity and independence, while promoting academic enrichment through a specifically designed, curriculum utilizing challenging and stimulating materials and teaching methods. The program cares for the child as a whole so that there is also emphasis placed on nurturing emotional growth, while sparking excitement and enthusiasm in learning endeavors. Children work in small groups based upon their abilities, rather than arbitrary chronological grouping rules. This ensures each child being able to work at his own pace and reach his own potential through opportunities for critical thinking and problem solving. Small grouping by ability allows the center to respond to individual needs. They carefully attend to the academic development while nurturing the emotional growth and self-esteem of the child. The staff is highly qualified and well trained, receiving in-service and on-going education. Teachers are experts in understanding the dynamics involved in successful learning experiences. They promote respect for self, others and the environment while encouraging feelings of positive self-esteem. This is a dependable business opportunity and expects to supply a consistent investment return to the owner operator prior to debt service. Regarding growth and expansion, the business has been operational for ten years and was closed for the past months during the pandemic. The center has now relocated to a larger center minute from the previous facility. The owner believes many of the previous employees and children will return due to the center’s wonderful reputation. The new grand opening date is expected for June 2021 which will prepare for the new September school year. The center can be further expanded by improving the marketing plan and the local advertising. Additionally, the company can also optimize the web site further develop the business gross sales.

Listing Details

Revenue: $644,000

Cash Flow: $149,999

FFE: $150,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner relocating and retirement out of the state of New Jersey.

Training & Support:

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

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: $7000

Type of Location: Commercial Avenue

Square Footage: 3,000

Relocatable?: Yes

Facilities Information:

This center consists of approximately 3,000 square feet, three modern classrooms, with a newly designed interior, separate classrooms, children’s lavatories, and kitchen. The business is conveniently located on a commercial avenue near to various state highways. This opportunity is in Northern New Jersey, Morris County, with continued demand for this industry.

Summary

Historical Summary:

Long standing day care center in Morris County New Jersey

Owner Qualifications:

For Qualifications purposes, this industry 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 business. Also, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Potential Growth:

Regarding growth and expansion, the business has been operational for ten years and was closed for the past months during the pandemic. The center has now relocated to a larger center minute from the previous facility. The owner believes many of the previous employees and children will return due to the center’s wonderful reputation. The new grand opening date is expected for June 2021 which will prepare for the new September school year. The center can be further expanded by improving the marketing plan and the local advertising. Additionally, the company can also optimize the web site further develop the business gross sales.

Financing/Terms:

. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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