Listing ID: 81063
This is a well known and profitable day care center that includes the real estate valued at 2.4 million. Licensed for up to 264 kids, ranging from 6 weeks up. Operations 6am to 6:30 pm. Owner is absentee. Staff handle day to day operations and hold the director license. Facility completed remolded, including a commercial kitchen, 2 New playgrounds as well. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at email@example.com.
- Asking Price: $6,886,512
- Cash Flow: $408,008
- Gross Revenue: $1,614,838
- EBITDA: N/A
- FF&E: $250,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:12,300
- Lot Size:N/A
- Total Number of Employees:37
- Furniture, Fixtures and Equipment:N/A
This is an owned location of 12,300 square feet. Seller is absentee with 37 FT employees. Hours of operation are 6am to 6:30pm Monday – Friday. $250,000 in FF&E included in asking price. Director License for day care center required.
The company was established in 2008, making the business 14 years old.
The company has 37 FTE employees and is situated in a building with disclosed square footage of 12,300 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell operating businesses. However, the true factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competitors, current decrease in profits, or an array of various other reasons. This is why it is very essential that you not rely totally on a vendor's word, yet instead, utilize the seller's answer along with your overall due diligence. This will repaint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans so as to cover items such as inventory, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too thin. Numerous 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 think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Many times, operating businesses have repeat consumers, which form the core of their daily revenues. Particular variables such as brand-new competition sprouting up around the area, roadway building and construction, and personnel turnover can impact repeat consumers and also negatively affect future profits. One essential thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business regularly, the greater the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional typical family income effect future earnings prospects?