Listing ID: 76269
Check out this child care center in Douglas County that is currently for sale! This business was started in 2019, but 2021 was a profitable year even through the COVID restrictions. The business is located in a plaza center and serves children from 6 week to 6 years of age. The center is currently licensed for 60 children and allows for private pay families, CCAP, and military subsidies. Reach out to the listing broker for more information!
- Asking Price: $550,000
- Cash Flow: N/A
- Gross Revenue: $549,600
- EBITDA: $320,536
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,300
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This business has multiple classrooms that are perfectly situated for kids up to 6 years old and even includes 2 separate outdoor play areas.
Seller will provide training to buyer upon their request before closing.
Moving out of state
By getting to the maximum amount of kids allowed and even pushing up the tuition, a new owner could increase the top and bottom line within the next year.
The business was founded in 2019, making the business 3 years old.
The real estate is leased by the business for $5,585.25 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is very vital that you not depend entirely on a vendor's word, yet rather, utilize the seller's response in conjunction with your total due diligence. This will paint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that earnings margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Many times, companies have repeat clients, which create the core of their everyday profits. Particular factors such as new competitors growing up around the location, road construction, and staff turn over can impact repeat clients as well as adversely influence future profits. One crucial point 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 on a regular basis, the better the opportunity to construct a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the regional median family earnings effect future revenue potential?