Listing ID: 71278
This is a very long running established Daycare Center being sold with the Real Estate as a licensed facility for 90 students, infant and toddler age school and school staff of 18.
Well-known location, with second generation owners running this business.
This building could be used as a gym or dance studio while running a daycare.
It is a 10,644 sq. ft. building with endless possibilities.
- Asking Price: $1,200,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $75,000
- Inventory Included: N/A
- Established: 1938
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
The building has 10,644 square feet. On-site parking space is 15 Approximately half of the building is currently used as a daycare. The balance of the building could be used for other similar uses such as gym, dance studio, or on-site tutoring.
The current director may stay for training purposes, the current staff is a loyal group of employees and a number of them most likely would like to remain in place.
Retirement of building owner and founder of company.
This facility has a long-established reputation in the community beginning with her dance studio that also operated at this location. The dance studio has been closed and replaced by the daycare center.
Endless possibilities for growth as an entrepreneur expand into the under-utilized portion of the building by adding additional classrooms or intergrading a similar business.
The business was founded in 1938, making the business 84 years old.
The sale shall not include inventory valued at $75,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. However, the real factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be justifications to try to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is really crucial that you not depend entirely on a vendor's word, but instead, make use of the vendor's response combined with your overall due diligence. This will paint a much more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can suggest that earnings margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Certain elements such as new competition growing up around the area, roadway building and construction, as well as personnel turnover can influence repeat consumers as well as adversely affect future revenues. One vital point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the local mean household earnings impact future income prospects?