Description

This is a great opportunity to own a well-established, high growth, Non Franchised daycare center located in Mercer County, which has an excellent reputation for quality childcare. In recognition of its high standards, it has been awarded accreditation by both NAEYC and/or National Accreditation Commission for Early Care and Education Programs for the past 18 years. It was also one of 23 schools in Mercer County selected by the state to participate in a new program, Grow NJ Kids.
The building is 11,200 sq ft with 10 classrooms, a large gym, library, kitchenette, 2 offices, and 4 large playgrounds. Services include Infant-Prekindergarten Care, Before & After Care, Drop In Care, & Summer Camp ages 3-8. The 3 year revenue growth has been exceptional and the long term future is bright. A new 80-unit mixed residential development has been recently approved by the town Planning Board. In addition to revenue growth, the seller has been able to make incremental increases to the tuition which is comparable to the best Franchises. The center is licensed for 180 children ages 6 months to 13 yrs, with a current enrollment of 105. The staff of 34 includes an experienced Director and Director Assistant.
The property is also available for purchase or can be leased with an option to buy. If leased, the owner is offering below market rent which will enhance the profit opportunity. The business is pre-approved for an SBA loan. Current financials are projected for 2016 based on 10 months actual. The owner is retiring and planning to move out of state.
Business is offered at $1,450,000 with a down payment of $370,000 and bank financing. The property is offered separately at its appraisal price of $3,350,000 either for immediate purchase with the business and bank financing, or as an option to buy with a long term lease.

Posted Oct 20, 2016

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