This is a great opportunity to own a well established (23 yrs), highly profitable, private learning center in Bergen County with a multiyear 5 Star rating from the parents it services. Located in an affluent community, it is on a main road with easy access and a parking lot for staff and parents to drop off and pick up.
The building is 7,500 sqft which includes 7 classrooms, staff kitchen, office and 6,000 sqft outdoor playground. There are cameras in every room with a video system. Services include Infants/Toddler care, Pre-Kindergarten, Kindergarten, Before & After Care, & Summer Camp. Originally licensed for 129, the license was increased to 146 in 2020 with the addition of a new classroom ensuring future growth. There were 155 enrolled before the state closing in 2020, and currently there are 134 enrolled and growing. The owners work full time acting as the Director and VP Finance, overseeing 18 experienced certified teachers and highly qualified assistants. Many are long term and/or have college degrees. There is one year left on the current lease with three 5 year options.
The business had experienced consistent high profitability over the three years prior to the Pandemic. The current revenue level is already 90% of the average monthly revenue in 2019. With the increase in the license capacity it is expected that the business will exceed its previous high level of revenue and profit. The SBA has pre-approved the business for a loan based on historical performance. The financials are based on tax returns for the two years prior to the pandemic, with adjustments for the new hire Director and Asst Director.
The owners have been dedicated to providing quality child care for many years and have now decided to retire. They will insure a successful transition by providing two weeks of on-site assistance for the new owners.
The business is offered at $1,475,000 with a 20% down payment and bank financing for a qualified buyer.
For more details call Paul Holveck at Executive Business Brokers,
