Listing ID: 70232
Business Overview
Day Care for sale in Business for 31 years! Owner is retiring and wants to sell business and Property. Liscensed for 110 children and meet all state and local requirements. Building is 5,582 square feet and has complete build out for a day care. and owner wil lease or sell the property to the buyer. Day Care is located on a major street in a growning area.
Sale includes all furniture and fixtures, two buses and all inventory of food and supplies. Business can be moved to another location nearby. Call Tom Gattas for more information. 901-270-7017.
Financial
- Asking Price: $107,500
- Cash Flow: N/A
- Gross Revenue: $350,000
- EBITDA: N/A
- FF&E: $35,000
- Inventory: $2,500
- Inventory Included: Yes
- Established: 1989
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,580
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
stand alone building with circle driveway and awning. 5,580 square feet currently being used for day care center. Sale includes two transport buses... Estate for sale for $1,000,000...
Seller will stay for two weeks after sale for training and assistance/orientation.
retirement
execellent location for growth in day care business.
Building is located on 1.46 acres and has tremendous opportunity for growth.
Additional Info
The venture was started in 1989, making the business 33 years old.
The deal shall include inventory valued at $2,500, which is included in the listing price.
The business has 8 employees and is located in a building with disclosed square footage of 5,580 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the real factor and the one they tell you might be 2 totally different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a range of other reasons. This is why it is very essential that you not depend totally on a vendor's word, yet instead, use the vendor's answer in conjunction with your overall due diligence. This will paint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new consumers? Most times, businesses have repeat customers, which form the core of their day-to-day profits. Particular variables such as brand-new competition sprouting up around the area, road building, and personnel turn over can affect repeat consumers and also negatively affect future incomes. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to construct a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the local typical home earnings effect future income prospects?
