High Growth Day Care Preapproved for Bank Loan

Not Disclosed, NJ
Hudson County

Asking Price: Annual Revenue:
Not Disclosed Not Disclosed

Services: Children - Child Care, Education

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RE: High Growth Day Care Preapproved for Bank Loan Broker: Paul Holveck

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 20
BBN Listing #: 62412979
Broker Reference #: 9853PH

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Business Overview:

Great opportunity for child care professional to own a thriving non franchised Daycare Center located in Hudson county. The business has been established in the town for 37 yrs and more recently has been revitalized with improved educational programs, new furniture, equipment and toys, and a commitment to quality education The community as responded and the center has experienced a 50% increase in revenue for 2022.

The center has convenient hours, open from 7:00am until 6.00pm Monday through Friday. To support the working families in the community, the center does not follow the public school vacation calendar and provides service for parents who have to work. The school uses a similar curriculum as the district, but maintains lower teacher ratios to enhance quality learning. The program is supplemented with multiple field trips and holiday parties. The 5,000 square feet center is licensed for 100, ages 0-6 with 40% of the enrollment subsidized by the state which pays the full tuition. The floor plan includes 5 classrooms, a large indoor playroom, office and outdoor playground. Converting the playroom into a classroom is a possibility for enrollment expansion. Demand for infants and toddler care is very strong.

The owner works full time and acts as the Director, managing a staff of 20, with 15 full-time and 5 part time. The owner pays the staff a year-end bonus to maintain high morale. There are 5 years left on the lease with an expectation that the landlord would extend the lease for a new owner. The financials are based on the 2022 projected results and assume the new owner will act as the Director. The owner is relocating back to Europe, his original home of origin.

The business is offered at $530,000. For more details contact Paul Holveck at Executive Business Brokers.

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Additional Details:

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

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