Listing ID: 82828
Business Overview
This personalized childcare center is in the heart of St. Charles County. It is situated on highway commercial property which makes it easily accessible for parents. Due to the convenient location, it can service children from surrounding counties including Lincoln and Warren County. The center is unique in size, and the atmosphere it provides is unlike other childcare centers in the area. The children range in age from 6 weeks through 12 years and it does include a summer program for school age children. The specially developed curriculum is ordered from an online source making it easy for any teacher to follow. This childcare center has occupied the building for 10+ years and has a well-established reputation in the community. Many of the children come to the center by word of mouth and it requires little advertising. This is a highly sought-after childcare center that operates routinely on a wait list. The staff members are all required to have extensive background checks and are certified to work in childcare.
Financial
- Asking Price: $745,000
- Cash Flow: $160,252
- Gross Revenue: $556,520
- EBITDA: N/A
- FF&E: $17,381
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
This highway commercial property provides exceptional visibility to drivers passing by. The building includes a main level with a finished lower level. Both levels have exit doors that provide direct access to the playground. There is 3,360 feet of usable classroom space in total. The facility does include a kitchen area where meals (breakfast, lunch and snack) are prepared and served to the children. There is a camera monitoring system in the interior and exterior of the building that provide for additional viewing into the classrooms. The facility is equipped with a keypad entry system for added safety. All doors to the facility lock automatically from the outside.
Will train for 2 weeks @ $0 cost. A St. Charles County Business License is needed. The daycare center is licensed for a base number of 49 kids, with the latitude to have 1/3 above this amount at certain times throughout the day. There are currently 60 kids enrolled. All of the teachers are state certified to work in early childhood development and training. All are certified in CPR and First Aid.
Other Business Interest.
Although there are other pre-school daycare centers, this facility has remained at or near capacity.
Possibly facilitating evening tutoring for older students.
Additional Info
The venture was established in 2009, making the business 13 years old.
The business has 8 FT/3 PT employees and is located in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. However, the genuine reason vs the one they say to you may be 2 completely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a range of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, yet rather, utilize the vendor's answer together with your general due diligence. This will repaint a much more reasonable image of the business's current circumstance.
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 deal. Lots of operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new consumers? Often times, businesses have repeat customers, which create the core of their day-to-day revenues. Particular elements such as new competition growing up around the location, roadway building, and employee turnover can impact repeat customers and also negatively impact future earnings. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the chance to build a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the regional average household earnings impact future revenue prospects?
