Listing ID: 83065
Look no further! Don’t be afraid to commute to make LOTS MORE MONEY!! THIS SCHOOL IS A GOLD MIND. IT IS HAS A PRIME LOCATION and enrollment has been INCREASING for the past 2 years in flow with the huge influx of new residents to Magnolia. Magnolia area is GROWING and more and more people are headed that way! This school has capacity over 100 and offers NCI as well as the Food Program. Dedicated Staff and community that adores this gem. Seller only selling because his field of work will be taking him out of the country very soon. THIS IS A GREAT OPPORTUNITY to own a growing school where all the hard work has already been done. This school can operate for you on auto-pilot. FURNISHING, TRANSPORTATION, EQUIPMENT all included in the sale. AND YES THIS SALE INCLUDES PROPERTY. AGAIN THIS IS PRIME PROPERTY WHERE VALUES CONTINUE TO RISE! Don’t miss out on this DEAL. CALL ANN CARTER for more information.
- Asking Price: $1,550,000
- Cash Flow: $135,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Owner willing to train you before and after purchase!
Owner has to travel out country for long period
The location of this daycare makes it a HOT sale! Magnolia area is finally growing and getting lots of new residents. Just check out the latest demographics! There's less competition here than in Sugar Land and Houston. Many owners of childcare centers in Magnolia actually live in Houston/Sugar Land. They are not passing up the opportunity for BIG PROFITS just because of the drive. Of course you have a DIRECTOR here on staff who can run the daycare center for you and you could be absentee owner. So many possibilities here. It also has plenty of room to expand!
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. However, the true reason vs the one they tell you may be 2 entirely different things. For instance, they might claim "I have too many other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or a range of other factors. This is why it is really important that you not depend absolutely on a seller's word, yet rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new customers? Many times, businesses have repeat clients, which form the core of their day-to-day profits. Specific aspects such as brand-new competition growing up around the location, roadway building, and also employee turn over can affect repeat customers as well as adversely impact future earnings. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood median family earnings impact future earnings potential?