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Education - Preschool/Daycare For Sale

Frederick County, Virginia
Asking Price:
$150,000 Furniture / Fixtures included
Sales Revenue:
$424,000
Cash Flow:
$126,936

This is a highly recommended educational pre-school/daycare operating at full capacity. The business was started in 2009 and is licensed for 60 children, ages 6 weeks to 12 years old (most children do not exceed 5 years old). The facility is outstanding with room for expansion on the 2nd floor. The owner is retiring, however, he has lived in the area all his life and will be available for consulting. A proforma for 2017 shows owner benefits of $126,936, according to the owner. The average owner benefit for the last 3 years is $73,350. At present he has 8 full-time employees, plus 1 full-time manager and 3 part-time employees.

Property information

Real Estate:

Lease

Premises Details:

2,150 square foot space with room for expansion on 2nd floor.

Business Operation

Expansion Potential:

Room for expansion on 2nd floor. Owner's comments: Our doors opened in May 2009 with 3 children. The goal of the program is to provide all families with an educational facility that is affordable and safe for children to learn and grow. We have grown and established our current location. It was established with my wife and myself and is still currently owned and operated by myself. Over the past few years the enrollment has remained constant even with the changes in the economy. I have experienced some major personal changes in my life with the loss of my wife in 2014 and some other personnel issues. I had made some poor decisions in my management team but have now taken control back. Throughout this time, even with the changes at the center and those in my personal life, our enrollment remained constant. I am projecting that the upcoming year will remain constant with enrollment and to have the potential to increase as more businesses continue to expand into our area. Note from Broker: Now that the owner has the business back in his control, the 2017 Proforma shows owner benefits of $126,938 as compared to the tax return for 2014 of $116,246 -- the year his wife passed away.

Competition / Market:

This Preschool/Daycare is in the top 3 schools in their category.

Reasons for selling:

Retirement.

Trading hours:

Monday-Friday 6am-6:30pm

Employees:
10 FT/3 PT
Years established:
8

Other Information

Support & training:

Will train for 3 weeks @ no cost.
Education background with business knowledge.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$50,000 Down/ $100,000 for 84 mos. @ 6.5%.
Seller financing for a well qualified buyer

Furniture / Fixtures value:
$7,000 - included in the asking price

Contact Broker

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