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Listing ID: 2580660Listed on: May 19, 2017

Franchise Child Day Care For Sale

Monmouth County, Monmouth, New Jersey, United States

$ 250,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 720,000

Cash Flow: not disclosed

Business Description

Seven year young ultra-modern professional Pre-School Day Care Center which is considered the best of the best Children’s Day Care Franchise Center in an affluent suburban location of Monmouth County, New Jersey. This center is approved for 152 children with a present enrollment of 74 children and has a gross yearly income of $720,000. The present owner is semi absentee and has elected to sell the business due to family obligations. The cost to develop a new center this size with no children enrolled is $450,000 and requires an additional $150,000 of working capital and approximately two years to appropriately develop with a positive cash flow. This opportunity supplies the buyer with time advantage and a substantial reduction in out of pocket cost. An onsite owner director can gain a substantial advantage and work to further develop the business. The business is operational five days weekly with hours from 7:00 am to 6:30 pm. The business facility has a New Jersey State license as a children’s day care center, a municipal certificate of occupancy and the required food license. This children’s service business has a full staff of 21 employees required for this center who are unaware of the pending sale and expected to remain post closing, also the average monthly payroll is approximately $22,500. Based on the asking price, required down payment and net income this business will supply a dependable future return to the owner operator prior to debt service. This is a most unusual safe business opportunity; please call for further details and a must to see to fully appreciate.

Property Details

Size:

9600 sq ft

Years Established:

2009

Property Type:

Lease

FF&E:

$ 425,000

Inventory Value:

$ 1,000

Other Details

Business Location:

The facility consists of 9,600 square feet in a state of the art ultra-modern setting with all the necessary amenities. This center has various classrooms specifically designed for different age groups and activities. The facility also has various children’s bathrooms, a wonderful outdoor play area and a great deal of storage and shelving. This business is located in a suburban area of Monmouth County, New Jersey on a state highway and nearby to various state highways. The center has an excellent location and services various communities in the county with continued need for children services.

Competition:

This general area has standard competitors, seller & franchise has agreed to supply an appropriate non compete agreement to the new operator.

Expansion Potential:

This business requires on site ownership as a director-owner, also with an improved marketing plan the center can be further developed representing a greater income.

Document:

Operation Details

Employees:

21

Support & Training:

The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The franchise and the seller will supply substantial assistance to the new operator.

Miscellaneous

Financing Available:

Yes
Seller financing is available to qualified buyers.

Reason For Selling:

The present owner is absentee and is not involved in the day to day operation.

Contact this seller

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