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Franchise Day Care Center

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Henrico Co., VA   |  Educational Businesses for Sale – Other Educational Businesses for Sale   |  Businesses with Price Not Disclosed

Asking Price:
 Not Disclosed
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Gross Revenue:
$1,334,313
Cash Flow:
$316,082
EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$350,000
included in asking price

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Business Description

Most unusual business opportunity to own this modern highly successful Children’s day care / Pre-School franchise center located in a wonderful area of Virginia. The center has a 2016 gross yearly income of $1,334,313 and a yearly net income of $316,082. This franchise is recognized as the premier children’s day care center offering the highest quality service to the children it services. The center consists of a 10,600-square foot facility, with a state of the art design to maximize it highest and best use. This business is licensed for 155 children and presently has one hundred and ten children enrolled. This Day Care center is presently owned by an onsite owner operator, employees a full-time manager of operations and a full staff of teachers and associates. The day care/preschool center offers a twelve-month program including a full summer session. The center also offers premier child care to children ages six weeks to five years, including after school care for children up to eight years of age. The day care center is a complete child development center with a dynamic, fun environment and represents an excellent investment opportunity. The business FF&E has an existing value of approximately $350,000, consists of multiple classrooms, state of the art outdoor play area, various equipment and franchise curriculum required for quality children’s day care services. The original cost for build out for a new center is $450,000, plus working capital. The building has a legal capacity for 155 children, consisting of multiple sections. This day care center has substantial private parking at the facility as part of the commercial lease agreement. The center is operational five days per week with hours of operation from 6:30 am to 6:30 pm. The business has a long term corporate lease which expires October 31, 2026 plus additional options with a total monthly rent of $25,772, cost per square foot is $29.18 and rental security of $40,000. The center is fully staffed with twenty-six experienced employees including various manager’s, monthly payroll is approximately $39,000. Based on the selling price and net income the sale will evidence a consistent and dependable income return to purchaser, prior to debt service. This successful business will evidence a yearly income of $1,334,313 and a yearly net income of $316,082, based on an onsite owner and prior to debt service. The business has been valued based on a multiple of 3.5 times the net yearly income and the value of the specific business assets, seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

About the Business

Year Established:
2013
Number of Employees:
Twenty-Six
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
10,600
Lease Rate/Sq. Ft.:
$29.00/Yr.
Lease Expiration:
10/31/2026
Facilities:
The day care facility is located minutes from various state highways and county roads for parent convenience. The center is located in a huge commercial area with many independent company’s representing thousands of daily workers. The city has a population of approximately 220,000 residents. This general area consists of highly populated communities with continued demand for children services. The facility which is 10,600 square feet is in a modern attractive commercial building with all the required amenities. This day care has a professional image; private entrances and beautiful state of the art children’s play area. The center has various rooms specifically designed for separate and independent learning activity.
Market Outlook/
Competition:
As a franchise the center has a non-compete agreement with the company and due to the dynamics of the center no other similar competitive day care centers are in this general area. The present seller will also supply a non-compete agreement to purchaser.
Growth & Expansion:
This Day Care Pre-School center can continue to develop with onsite management and an improved and ongoing marketing campaign.
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About the Sale

Reason For Selling:
The owner has elected to retire from the industry.
Training/Support:
The seller will supply an appropriate transitional period and remain thirty days’ post-closing to assist the new operator.
Seller Financing:
Seller financing is available to qualified buyers.

Listing Info

BizQuest Listing ID:
1289767
Ad Detail Views:
81
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Business Listed by
Ron Cervelli
Regal Consulting Corp.

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U.S. Census Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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