Listing ID: 83059
STAND-ALONE BUILDING SCHOOL with LOW RENT, HUGE PLAYGROUND, NCI, FOOD PROGRAM, DIRECTOR WILLING TO STAY, ADN PROFITABLE!!! SELLER LOOKING FOR CASH BUYERS. SCHOOL HAS CAPACITY OVER 100 AND HAS ENROLLMENT ABOVE 70%. LOCATED NEAR A BUSY STREET THAT SEES OVER 100,000 VEHICLES A DAY. THIS SCHOOL DOES NOT NEED TO ADVERTISE!! IT’S ONE OF THE FEW STAND-ALONE CHILDCARE CENTERS YOU CAN BUY WITHOUT BUYING THE PROPERTY!! IT JUST REACHED THE MARKET ON 8/30/2021. IT WON’T LAST LONG.. IF YOU’VE BEEN WANTING A SECOND LOCATION OR TO GET INTO CHIDLCARE-THIS IS THE CENTER!! CALL ANN FOR MORE DETAILS.
- Asking Price: $180,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was founded in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 absolutely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is extremely vital that you not depend entirely on a vendor's word, however rather, make use of the seller's response together with your overall due diligence. This will paint a more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new clients? Often times, businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as brand-new competition growing up around the area, road construction, and personnel turnover can influence repeat customers as well as negatively impact future incomes. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional average household income effect future revenue potential?