Listing ID: 73351
Incredible opportunity to buy a well-established daycare with great cash flow and very loyal customer base. In business for over 30 years, this daycare has grown with and witnessed the incredible growth of this community. Long term staff remains that simply love what they do.
This amazing daycare center provides care for children from 6 weeks to 12 years old and has a capacity for 100 students. The daycare also offers transportation for the children with their 3 company owned vehicles!
Location: Prime space in a freestanding building with ample parking. Also, boasts a great fenced play area for outdoor activities. Perfectly situated in an affluent and highly sought after community. Real estate is available for sale outright or a negotiated lease with the owner. Daycares for sale come and go, but not in areas like this. For additional information please contact listing agent Brandon Owen at 513-392-6750 or firstname.lastname@example.org.
- Asking Price: $750,000
- Cash Flow: $96,607
- Gross Revenue: $394,906
- EBITDA: N/A
- FF&E: $28,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 1989
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,720
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
This is a location of 4,720 square feet. Seller is not active in the business with 5 FT employees and 1 PT employee. Hours of operation are 6 AM to 6:30 PM, Monday - Friday. $1,500 in Inventory and $28,000 in FF&E included in Asking Price. ODJFD License to operate a childcare center required.
The business was established in 1989, making the business 33 years old.
The deal will include inventory valued at $1,500, which is included in the listing price.
The company has 6 employees and is situated in a building with disclosed square footage of 4,720 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 absolutely different things. As an example, they might say "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely essential that you not depend totally on a vendor's word, yet instead, make use of the seller's response combined with your total due diligence. This will repaint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things like stock, payroll, accounts payable, etc. Remember that occasionally this can suggest that profit margins are too tight. Numerous 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 structure where the business resides. The business might have existing agreements with suppliers that must be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new clients? Most times, operating businesses have repeat customers, which form the core of their daily earnings. Certain variables such as brand-new competition sprouting up around the location, roadway building and construction, and personnel turn over can impact repeat customers and also negatively affect future profits. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to develop a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the local mean home earnings influence future earnings prospects?