Child Care Center in Growing Lake County (Cleveland Metro)
| Asking Price: | $225,000 | Inventory: | |
| Gross Revenue: | $411,221 (comments below) | Real Estate: | n/a |
| Cash Flow: | $129,000 (comments below) | FF&E: | $20,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Gross Revenue | |||
| Cash Flow Comments: Discretionary Cash Flow to Owner | |||
A well run Cleveland Suburb Child Care Center located in the growing Lake County (eastern side of the Greater Cleveland Metro Area.) This Child Care Center is in a commercial park and is well positioned to cater to the needs of working parents. The business was established in 2005 and has experienced a steady growth driven by the quality of its services and its reputation. In 2008 the revenues of the business were $411,221 with a cash flow to the owner is about $129K. In 2009 the enrollment went down a bit in line with what is happening in the industry as unemployment dictates some parents to keep their children at home until they find a new job. The Day Care Center has a well designed educational and child care program that has been received well and appreciated by its client families. It was recently approved for the "Step Up to Quality" program of Ohio State. This will allow this business to take advantage of the program's offerings.
About the Business
Year Established:2005
Facilities:The business is located in a commercial park in a virtually stand alone structure with ample green lawn and parking around it.
Market Outlook and Competition:The child care industry is a well established part of the American way of life. The business is competitive and well regulated by the state. Attention to the business' operations and customer service as well compliance with state regulations are important in maintaining a good name for the business. A new owner might become proactive in spreading the word to the community and engage in direct marketing initiatives.
About the Sale
Management Training and Support:Selle will support as per agreement with the Buyer.
Seller Financing:Seller may consider some limited financing depending on the credit rating of the Buyer and their experience.
KEYWORDS: Child Care Center, Child, Care, Center, Non-Franchised, educational business, educational, quality program, lake county, cleveland, growing
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