Listing ID: 76000
This is an Outstanding Opportunity to walk into a well-established, turnkey, profitable business in the fun and rewarding day/childcare industry. This long time center is in a great location, and is Well-respected in the community, with a steady stream of wonderful children to be part of the Center. Fantastic Staff want to stay. Make a great income while providing a valuable service. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or firstname.lastname@example.org.
- Asking Price: $275,000
- Cash Flow: $55,848
- Gross Revenue: $316,539
- EBITDA: N/A
- FF&E: $39,750
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,300 square feet with a Total Rent of $2,500. Lease ends 4/2022. Seller is active in the business with 6 FT employees and 4 PT employees. Hours of operation are 7 AM to 5 PM, Monday - Friday. $39,750 in FF&E included in Asking Price. New York State Child Care Center License Required.
The company was started in 2003, making the business 19 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they might say "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but instead, make use of the seller's answer together with your total due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Many times, operating businesses have repeat customers, which create the core of their everyday revenues. Certain aspects such as brand-new competition growing up around the location, roadway construction, as well as employee turnover can influence repeat customers as well as adversely affect future earnings. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to develop a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the local average household earnings impact future revenue prospects?