Day Care Center
www.GlobalBX.com
Listing ID:
700325142
Listing Title:
Day Care Center
Quick Link:
http://www.globalbx.com/listing.asp?bId=325142
Industry:
Educational
Industry Segment:
Day Care Centers
Country:
United States
State / Province:
New Jersey
Area
City:
Burlington County
Asking Price Range:
< $250K
Gross Revenues:
$170,000
Cash Flow:
$36,000
Cash Flow Type:
EBITDA
Year Established:
2010
Number of Employees:
4 - 5
Business Description:
Wonderful business opportunity to purchase this wonderful children's day care center in a highly active community of Burlington County, New Jersey. The center is approved for forty-five children and offers a twelve-month service to the parents it serves. The center is licensed with the New Jersey Department of Community Affairs and is registered with the Department of Children & Families. The facility does not offer infant care; however, it does offer afterschool services.
For Qualifications purposes, this business opportunity industry requires state government licensing approval to operate in addition to the standard municipal licenses. Regarding employees and payroll, this day care company has four full/part-time employees who are unaware of the pending sale. As per this industry, the payroll is primarily based on an hourly basis, also the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $6,550.
The business transaction has an assignable commercial lease which expires 2028-01-01, plus additional options available, with a monthly rent of $4,000, cost per square foot is estimated at $24.00, and rent security of approximately $6,000.
The business fixed assets have an estimated value of approximately $45,000 which is specifically based on the original equipment and licensing replacement cost.
This successful active day care business operation is active five days per week, with hours from 6:30 am to 6:00 pm.
The 2018 projected yearly gross income represented by the seller-owner is $170,000 and the business expects a yearly net income of approximately $36,000 based on an onsite owner-operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, a formal due diligence is recommended to the purchaser.
The center presently has approximately thirty-five children for its summer program.
The business has been valued/priced at $99,900.
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