Childcare Center Profitable & Established

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Nearly 50 years in same area
Asking Price:
$425,000

Gross Revenue:
$289,000
Cash Flow:
$120,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$40,000
included in asking price

Real Estate:
$200,000
included in asking price

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Business Description

Established in 1972, same owner since 1986. Owner is retirement age and wishes to sell business, real estate (2 parcels), all FF&E, including 14 passenger MFSAB. The licensing capacity was recently increased to 91, so the potential for revenue enhancement is real. There are currently 9 employees. The owner is the Administrator/Director. The center accepts PFCC and Private Pay, servicing Infants thru 12 year old School Age. The center is participating in SUTQ and is close to receiving Star #1. No advertising is used to attract customers. Children and grandchildren of former clients attend. Two school districts are served and area competition is minimal.
Seller will provide all training to new owner during the license transfer process.
To receive additional information, signing a Non-Disclosure Agreement is required.
Seller is willing to do OWNER FINANCING after review of buyer profile. Terms are negotiable depending on down payment.

About the Business

Year Established:
1972
Number of Employees:
2 FTE & 7 PTE
Facilities:
Two parcels of real estate. Main parcel is
100' wide x 180' deep, building size 3700SF (exterior) and one story. Second parcel is 40' wide x 150' deep with a 25' x 30' garage. Parking lot exists between garage and main building. There is a total of 3 curb cuts for ingress and egress.
Market Outlook/
Competition:
One smaller center is a couple of miles to the North and has had a few different owners. There is another 3 miles to the South opened less than 1 year operates only on Saturdays.
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About the Sale

Reason For Selling:
Owner has reached full retirement age.
Training/Support:
Training will be provided by current Administrator/Owner during license transfer process for a negotiated stipend.
Gross Revenue
Comments:
Revenue was in 2017 when license capacity was 66
Seller Financing:
Negotiable upon review of buyer financial profile. Could be 3 Yr., 5 Yr., or max of 7 Yr. w/ balloon payment.

Listing Info

Keywords:
Only two owners for this child care center in it's nearly 50 years in business.
ID:
1420220
Ad Detail Views:
0

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U.S. Census Data for Lucas and Wood Counties, OH
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lucas and Wood Counties, OH
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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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