Listing ID: 79008
This highly successful Child Care Center has been operating since 1999 in a very AFFLUENT Coastal Community in Southern Maine.. The center offers a full kitchen & bath, sleeping & activity areas and a completely fenced in outdoor play area.
Sales continue to grow in 2021 and has a long waiting list after surviving the pandemic in previous years. If the new owner were to work the business full time, it would increase owners income.
This is an ideal situation to live and operate the business from home “very nice 4 BR home” or the new owner can continue to rent out the living area to a tenant. Wonderful Opportunity!
- Asking Price: $795,000
- Cash Flow: $54,710
- Gross Revenue: $129,020
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1999
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,150
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Split Level Home with Center in lower level
Owner will help to have a smooth transition
Many centers have closed due to pandemic
Lots of growth potential
The company was established in 1999, making the business 23 years old.
The company has 1-FT....2-PT employees and is situated in a building with estimated square footage of 2,150 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, however rather, use the vendor's solution together with your general due diligence. This will paint an extra realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new clients? Often times, companies have repeat clients, which form the core of their day-to-day revenues. Specific variables such as new competition sprouting up around the area, roadway building, and also personnel turn over can influence repeat consumers and also negatively influence future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional mean house income impact future revenue potential?