Business For Sale

Education - Preschool/Daycare

Frederick County, VA
Frederick County


Asking Price: Annual Revenue:
$150,000 $424,000

Services: Children - Child Care, Education


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RE: Education - Preschool/Daycare Broker: Fred Walker
Owner Financing is Available!
$50,000 Down/ $100,000 for 84 mos. @ 6.5%. Seller financing for a well qualified buyer

Quick Facts

Asking Price: $150,000
Annual Revenue: $424,000
Net Profit: Not Disclosed
Cash Flow: $126,936
Total Debt: Not Disclosed
FF&E: $7,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 13
BBN Listing #: 14604955
Broker Reference #: 2001-13327

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Business Overview:

This is a highly recommended educational pre-school/daycare operating at full capacity. The business was started in 2009 and is licensed for 60 children, ages 6 weeks to 12 years old (most children do not exceed 5 years old). The facility is outstanding with room for expansion on the 2nd floor. The owner is retiring, however, he has lived in the area all his life and will be available for consulting. A proforma for 2017 shows owner benefits of $126,936, according to the owner. The average owner benefit for the last 3 years is $73,350. At present he has 8 full-time employees, plus 1 full-time manager and 3 part-time employees.

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Property Features and Assets:

2,150 square foot space with room for expansion on 2nd floor. Assets = $7,000

Market Competition and Expansion:

This Preschool/Daycare is in the top 3 schools in their category. Room for expansion on 2nd floor. Owner's comments: Our doors opened in May 2009 with 3 children. The goal of the program is to provide all families with an educational facility that is affordable and safe for children to learn and grow. We have grown and established our current location. It was established with my wife and myself and is still currently owned and operated by myself. Over the past few years the enrollment has remained constant even with the changes in the economy. I have experienced some major personal changes in my life with the loss of my wife in 2014 and some other personnel issues. I had made some poor decisions in my management team but have now taken control back. Throughout this time, even with the changes at the center and those in my personal life, our enrollment remained constant. I am projecting that the upcoming year will remain constant with enrollment and to have the potential to increase as more businesses continue to expand into our area. Note from Broker: Now that the owner has the business back in his control, the 2017 Proforma shows owner benefits of $126,938 as compared to the tax return for 2014 of $116,246 -- the year his wife passed away.

Reason for Selling:

Retirement.

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.

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