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Children's Day Care Center For Sale

19/wk
Sussex County, New Jersey, United States
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Asking Price$175,000
Revenue$158,000 Established2000
Cash Flow$48,000 Employees3 full-time
FF&E$90,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great business opportunity to own and operate this modern six year young children’s day care center in Northern, New Jersey and in the county of Sussex. The center has a capacity for sixty children consisting of 2,500 square feet and conveniently located on an active county road and close to various highways conveniently located for parents. The average cost per child is $8,832.20 yearly which represents an excellent investment return to the owner operator. The general area consists of various affluent communities with a substantial population and continued need for this personal service. The center is located in a wonderful area of Sussex County, convenient for parents and employees. The owner is retiring due to family and children responsibilities and has priced the business very aggressively for an immediate sale with an option to purchase the real estate. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator. State license is part of the sale transaction.This industry requires state government agency approval to operate. This business is located in Northern New Jersey in the county of Sussex on an active county road and convenient to Route 80 and US highway 46. This area of Sussex county services various affluent cities representing thousands of residents with continue need for this personal service. This modern attractive facility consists of two floors 2,500 square feet with various bright classrooms, full kitchen, office and additional rooms used for storage space and play areas. The facility has an attractive outdoor play area which has been recently upgraded and modernized.This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,500. The business transaction will have an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $3,500 and rent security $3,500. The business is located in a modern free stranding facility which consists of 2,500 square feet and has a capacity for sixty children plus employees with private parking. The sale includes a fully equipped licensed functioning day care center, which includes accounting software, kitchen, play and learning equipment, outdoor play area, tables, computers, 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 asset value is estimated at $90,000 based on replacement cost. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 6:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business.The owner will remain post-closing for 30 days and supply a transitional period. The owner is retiring due to family and children responsibility after many successful years in this particular service industry. The business presently has a limited marketing plan, no web site and if improved can further developed the business bottom line corporate income. To the best of our knowledge due to various circumstances including license requirements, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly income is $158,000 and yearly net income was $48,000 prior to debt service and based on an onsite owner operator. The business has been valued at $175,000 and this sale is based on a multiple of the net yearly income along with the specific value of the assets and seller financing has been approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This business is located in Northern New Jersey in the county of Sussex on an active county road and convenient to Route 80 and US highway 46. This area of Sussex county services various affluent cities representing thousands of residents with continue need for this personal service. This modern attractive facility consists of two floors 2,500 square feet with various bright classrooms, full kitchen, office and additional rooms used for storage space and play areas. The facility has an attractive outdoor play area which has been recently upgraded and modernized.
Competition:To the best of our knowledge due to various circumstances including license requirements, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no web site and if improved can further developed the business bottom line corporate income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Retiring due to family and children responsibility.
Ad #88088
Seller Reference #DYCR451
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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