Day Care For Sale in Richmond County, NY-29889

Not Disclosed, NY
Richmond County

Asking Price: Annual Revenue:
$525,000 $340,000

Services: Children - Child Care, Education

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RE: Day Care For Sale in Richmond County, NY-29889 Broker: Parser

Quick Facts

Asking Price: $525,000
Annual Revenue: $340,000
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 81554447
Broker Reference #: 29889

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Business Overview:

This business is currently run absentee. Work the business and reduce staff, and add another $50,000 to your take-home pay. A day care center located in Richmond County, New York has come on the market. Registered for 30 children, the business has a constant waiting list of children, ages two to six, for both the private and public sectors. Additional space is needed to serve that perpetual overflow, as well as increase the business and space, which is already built-out and included in the rent. This is available one floor below. Cosmetic improvements to the lower level and application made to city and state are all that remain to increase revenues by a third, and profits by 50%. In addition, the heavily-populated neighborhood needs and wants an after-school child care service, between the hours of 3pm and 6pm, so parents can work full days before picking up their children. Throw summer learning camps into the mix and, all-counted, revenues will increase from $340,000 per year to over $500,000, and profits from $140,000 to well over $200,000. Work the business and add an additional $50,000 to bring the revised earnings to more than $250,000. There is a two-bedroom, never-lived-in, spacious apartment upstairs, and that expected rental income is already factored in. The sellers work elsewhere (wife works the business part-time) and cannot add anything further to the business. They have decided to sell. The real estate is also available. In fact, the owner prefers to sell the business and real estate together. Call today for more information.

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Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • 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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