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Successful Children's Day Care For Sale

70/wk
Morris County, New Jersey, United States
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Asking Price$175,000
Revenue$327,830 Established2005
Cash Flow$70,000 Employees4 full-time
FF&E$85,000* FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly successful licensed children’s day care & pre-school center located in Northern New Jersey on an active State highway and near to many highly active company’s. The center has a capacity for 50 children and can be expanded to 80 children by extending the center with the available rental space. The center is also, and additionally approved for infants and children to the age of thirteen. The Day care center offers after school services to its many clients. The centers fees consist of $100 Registration Fee (All Ages), $950 (Infant), $900 (Toddler), $800 (Pre-School/Pre-K), $700 (Kindergarten), School Age Children; $100 Restoration Fee (All Times), $230 (Before School), $450 (After School), $500 (Before & After School). This industry requires state government licensing approval to operate. This company has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll expense is approximately $6,250. This business transaction includes a two-year assignable commercial lease which expires 2019-01-01 plus additional long-term options, with a monthly rent of $6,000, cost per square foot is estimated at $25.00 and rent security of approximately $12,000. The day care center is in a commercial facility, on an active four lane highway consists of approximately 1,800 square feet and has an estimated capacity for 50 children. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial children’s day care center, which includes Playground Equipment, Tables, Chairs, Copier, Bookcases, Cubbies, Refrigerators (2 Mini 1 Regular Refrigerator / Freezer), Crockpot, High chair Table, Strollers, Toy chest, Toys, Security Cameras, Key Swipe System, Learning Tools, 2 Changing Tables, Cribs, Sleep Matts, Teachers Desks, Spare Clothing, Medicine Lock Box, Filing Cabinets, displays, shelving, accounting 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 private parking on site as part of the commercial lease. This successful children’s day care center operation is active five days per week, with hours from 7:00 am to 6:30 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required New Jersey state licenses to conduct its day to day business. The 2016 yearly gross income is $327,830 and the business has a yearly net income of approximately $70,000 based on an onsite owner operator and prior to any debt service. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and dependable investment return to the owner operator prior to debt service. 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 business opportunity.
Facilities:This modern facility consists of approximately 1,800 square feet, has a professional attractive appearance and is in a commercial complex with various other active successful companies. This wonderful business opportunity is conveniently located in Northern New Jersey, Morris County, and the communities consists of various affluent and highly populated cities with continued demand for this personal service.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no 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:Seller financing may be available to a qualified buyer.
Sale Reason:The sale is due to the owner’s illness and retirement.
Ad #98439
Seller Reference #DYCR522
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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