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Attractive Day Care Center For Sale

Essex County, New Jersey, United States
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Asking Price$95,000
Revenue$301,696 Established2000
Cash Flow$38,000 Employees4 full-time
FF&E$45,000* FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Modern attractive day care center in a highly affluent area of Essex County, New Jersey with a capacity of forty-two (42) children. The owner is semi absentee and will consider owner financing to a qualified buyer. For Qualifications purposes, this industry requires government licensing approval to purchase or operate other than the standard municipal licenses. This company has four full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $8,800. The business has an assignable commercial lease which expires 01/01/2022, plus five-year options, with a monthly rent of $3,944, CPI rent increases, cost per square foot is estimated at $26.29 and rent security of approximately $7,000. The business consists of a single commercial property, on an active county road, consists of approximately 1,200 square feet and has an estimated capacity for forty-two children. The business fixed assets has an estimated value of approximately $45,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped licensed children’s day care center, which includes, required licenses, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate nearby municipal parking on site as part of the business opportunity. This successful day care business operation is active five days per week, with hours from 7:30 am to 6:00 pm. The sale includes all required documentation including a formal curriculum, a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The 2016 yearly gross income is $301,696 and the business has a yearly net income of approximately $38,000 based on an onsite owner operator and prior to any debt service. The business has been valued / priced at $95,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This successful retail facility which consist of approximately 1,200 square feet and has a modern professional appearance. The business is on an active commercial avenue with numerous other local businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various affluent and highly populated communities with continued demand for this industry.
Competition:Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitor day care businesses are expected near to this business.
Growth Potential:The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Is available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner’s relocation out of the state of New Jersey.
Ad #100404
Seller Reference #DYCR535
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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