Childcare w/ RE: Outstanding 9,458sf Facility, 140+ Kids
Location: Pacific
Industry: Educational > Day Care Centers
Financials
Asking Price: $1,650,000
Gross Revenue: $511,339
Cash Flow: $180,593
FF&E: $200,000 (Included in Asking Price)
Real Estate: $1,300,000 (Included in Asking Price)
Seller Financing: Possible 10-15% seller carry, oac.
Business Summary
Summary: Beautiful and well-planned center minutes on or off Interstate 90. Licensed for 146 children; 6 weeks to 5 years old. Approximate Private/State Pay Mix; 83% private/17% state. Participates in USDA Food Program. Uses Procare Center Management Software. Potential Manager/Director Available; currently on staff are 5 CDAs and two employees with 4-year degrees. Facility: Specifically designed and built for childcare in 2003; 7000sf main building: 6 classrooms, 6 bathrooms, commercial kitchen, laundry room, fenced with 4 separate playgrounds, special features of secure entrance, intercom system and video monitoring. Completed this Fall 2007 is a separate building 1738sf adding two large classrooms to the operation. There is also a 25'x30' separate storage building. Land is nearly an acre. Total building square footage is 9,488sf. Oversized paved parking lot with 18 stalls plus handicap. Landscaped and sprinklers. 2006 Gross Revenue: $511,339. 2006 Seller's Discretionary Earnings: $180,593. Current Year: 2007 revenue and net earnings are on track to meet or exceed 2006. Growth: Currently taking new students to fill new classrooms. Potential is for 44 pre-school students, potentially $19,800/month additional gross revenue, $8,000 per month net or an additional $96,000 to annual discretionary earnings over 2006. Offering: Business and real property for $1,650,000, cash preferred. Possible 10-15% seller carry, oac.
About the Business
Year Established: 2003
Employees: 11 full time - 8 part time
Facilities: Class A Property; specifically designed and built for child care. Spacious, bright classrooms.
Market Outlook and Competition: Growing community. One of Best Places in America.
About the Sale
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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