Listing ID: 73370
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: $350,000
- 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:N/A
- 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 venture was started in 1989, making the business 33 years old.
The deal shall include inventory valued at $1,500, which is included in the listing price.
The business 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 sorts of reasons why people decide to sell companies. Nonetheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of other factors. This is why it is very crucial that you not depend entirely on a seller's word, yet instead, use the seller's answer along with your general due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new consumers? Most times, businesses have repeat clients, which create the core of their everyday earnings. Specific factors such as brand-new competitors growing up around the area, road building, as well as staff turnover can impact repeat customers and also adversely affect future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the possibility to build a returning client base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the local typical house earnings impact future earnings prospects?