Business For Sale

Quality Daycare & Property With Bank Financing

Not Disclosed, NJ
Hunterdon County


Asking Price: Annual Revenue:
$840,000 $401,881

Services: Children - Child Care, Education


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RE: Quality Daycare & Property With Bank Financing Broker: Paul Holveck

Quick Facts

Asking Price: $840,000
Annual Revenue: $401,881
Net Profit: Not Disclosed
Cash Flow: $92,516
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 12
Employees: 12
BBN Listing #: 29102979
Broker Reference #: 6247PH

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Business Overview:

This is a great opportunity to own a well-established Hunterdon County non franchised daycare center and rental property. It enjoys an outstanding reputation, having received awards for Excellence over the last 12 years. The building is 4,065 sqft with three large classrooms, each with sections for separating age groups. It also has a central playroom, kitchenette, office, and large outdoor playground. There is storage space upstairs which can be used for a Director’s office. Services include After Care & Summer Camp.
There has been consistent revenue and cash flow over the last several years as the owners have reduced expenses without sacrificing the quality of the education. The public Pre-K option in the town is very limited which insured consistent Pre-K enrollment. Licensed for 59 ages 0-13, there are 47 currently enrolled with six receiving subsidies and two Aftercare.
The Center is situated on 1 acre adjoined by 10.57 acres classified as farmland, which is appraised at $625,000. The property is improved with a residential home generating rental income of $18k annually, a separate storage building, & a workshop with half bath heating. The partners are retiring and moving to Florida and are very motivated to sell. The financial have been adjusted for owner’s Director’s salary and her partner’s over market teacher salary.
The business is valued at $215,000 with the property valued at the appraised price of $625,000 for a total of $840,000. A bank has reviewed the financials and had preapproved a business loan for a qualified buyer.
For further information, call broker Paul Holveck.

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Reason for Selling:

Seller retiring and moving to Florida.

Additional Details:

  • The property is owned.
  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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