Childcare Center - Absentee Ownership
North CarolinaListing DetailsOffice ID: CHILDCARE1
Listing Broker: Joe Vagnone
Listing Price: $134,000
Gross Revenue: $252,000
Cash Flow: $40,000
FF&E Included: Yes
Real Estate: $229,400
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will consider some financing for the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:Owners have relocated out of the area.
Training:Present management team will stay, owner will be available to answer questions.
OperationsYear Established: 1996
Last Acquired: 2017
Form of Ownership: S Corp
Employees (full-time): 8
Employees (part-time): 1
Business Hours: 6:30 a.m. – 5:30 p.m. Monday through Friday
Business Description:Founded in 1996, and established in its present location since 2010, this profitable daycare center offers a new owner the opportunity to build on an already thriving business, which includes the NC Pre-k program and 20 years of history in the community. The beautiful, well-maintained facility is fully equipped to accommodate children from 6 weeks to 12 years of age, with staff who love children, are team players, and possess many years of training and experience in the childcare field. Expanding operations is possible by both increasing the size of the building and taking in more children to meet the 67 children capacity. This business is ready for a fully engaged and creative new owner to take it to the next level. *Although not included in the sale of the business, the prime real estate the business sits on is a 1.18-acre lot and is owned by the owners of the daycare. The land and property are also for sale..
Historical Summary:The present owners sold this business in June 2014, and took back ownership in August 2017.
Owner Qualifications:2-day pre-licensing workshop within 6 months of closing, building fire and sanitation clearance, business management skills, quick books, ability to deal with children and parents!
Competition:With many competitors in the area, this daycare competes on the basis of service and the offering of NC Pre-K.
Potential Growth:This business has the capacity at present to grow from a 38-child daycare at present to a capacity of 67 children. The building can also be expanded to accommodate more growth.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $229,400
Square Footage: 3324
This beautiful, well-maintained facility is a 3,324 total SF facility, with 744 SF utilized as office space, and 2,580 as childcare services. Location is in a residential area, zoned R-10.
Last Updated: Jul 27, 2020 / 7:37 PM
Financial Information Current As Of: Dec 5, 2017 / 6:15 PM