Day Care Center Morris County NJ

Not Disclosed, NJ
Morris County

Morris County


Asking Price: Annual Revenue:
Not Disclosed $396,862

Services: Children - Child Care, Education


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RE: Day Care Center Morris County NJ Broker: Ron Cervelli
Owner Financing is Available!
Can be available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $396,862
Net Profit: Not Disclosed
Cash Flow: $190,000
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 8
BBN Listing #: 14383909
Broker Reference #: DYCR602

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Business Overview:

Two successful children’s day care/preschool centers located in Northern New Jersey, Morristown area, Morris County with a gross income of $396,762 and an estimated net yearly income of $190,000 based on an onsite owner operator. The centers are New Jersey state certified as a children’s day care centers, approved for 41 & 50 children and services kids from the age infants to age six (6). The centers are state certified, and their staff is fully experienced, educated and degreed, caring, mature individuals many with CPR, First Aid, and Disease Prevention Certification. Also, to maintain the highest quality of service to their children, the staff is consistently supplied current Preschool/Childcare material and from time to time staff is required to attend professional development workshops. The centers follow the Creative Curriculum philosophies which believes that young children learn the best in a happy relaxed atmosphere. The centers have a wonderful reputation and supplies quality childcare and educational services to its students for many years. The centers offer an unparalleled level of convenience to their parents that can make the difference with getting to work on time. Their educational programs are well above average, in addition to their cultural and enhanced courses of study including Music, Dance, Computer Tots, and Language. This children day care business opportunity has eight full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $9,000. Each day care center has an assignable commercial lease which expires 2029 plus options, with a monthly rent of $5,167 ($2,500 & $2,600) cost per square foot is estimated at $18.00 and rent security is required. The both day care centers have been valued based on a multiple of the net yearly income plus the value of the various assets and seller financing is available to a qualified buyer. This is a dependable business opportunity. 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 particular business opportunity.

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Property Features and Assets:

These children’s day care business opportunities are located in Northern New Jersey, Morris County, Morristown area, which consists of various highly populated and affluent communities with continued demand for this child service. The facilities have a professional modern appearance which consist of a total of 6,000 square feet with a private entrance in commercial rentals. Both centers are conveniently located on an active county road with various other active businesses and minutes from Route 80 state highway and Route 46.

Market Competition and Expansion:

To the best of our knowledge, no other new day care competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The businesses have no local advertising or marketing plan, and a poor non-optimized web site and if improved can further develop the business gross income.

Reason for Selling:

The sale is due to the owner is absentee out of th

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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