Franchised Children's / Kid's Play Center *MOTIVATED SELLER*
NCListing DetailsOffice ID: CHILDCARE2
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Listing Price: $180,000
Gross Revenue: $266,598
Cash Flow: $92,700
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will provide up to 10% seller financing dependent upon total transaction value and lender/SBA requirement.
Reason for Sale:Family interests out of state.
Training:Sellers will provide 80 hours of transition support included in the purchase price. Additional support may be arranged on a per hour basis.
OperationsYear Established: 2017
Form of Ownership: S Corp
Employees (full-time): 1
Employees (part-time): 6
Business Hours: 9:30am - 7:30pm +/-
Business Description:Attendance is steadily increasing as COVID mandates are loosening. This large, bright, clean and fun children's play center ranks in the franchisors top 5% month after month. The business offers camps, birthday parties, classes, kids nights, events and open playtime on a membership or per visit basis for babies through school age. Packages and memberships are also available. The franchise prides itself in a professionally developed and continually updated curriculum of play based learning led by highly trained, motivated and committed instructors. This method richly engages children while learning and having fun participating in not only physical activities (which have also been optimized), but art, music and other proprietary activities in a safe parent friendly environment. New owners will be required to participate in a one day discovery visit at franchise headquarters and participate in two week training program. The franchise transfer fee is $5,000 and will be paid by buyer. This franchise was founded over a dozen years ago and has since grown throughout the Eastern portion of the United States. The business offers gift cards and packages. Asking price includes buyer assuming contingent liabilities of pre-paid parties, gift cards and gift certificates anticipated to be less than $10,000. Financials are for trailing 12 months through 10/31/2021.
Historical Summary:This franchise was founded over a dozen years ago and has since grown throughout the eastern portion of the United States. The business offers gift cards and packages. The outstanding value of each will be apportioned to buyer on a prorata basis per actual historical redemption percentages.
Owner Qualifications:Buyer will need to be able to travel to participate in the one day discovery visit at franchise headquarters. General business skills such as bookkeeping, payrol, H.R., light marketing and scheduling are needed or will need to be subcontracted. A love for children is a must.
Competition:There are many options for childcare, but none that offer the range and quality of activities for learning and growth that this business is built upon.
Potential Growth:This location has grown rapidly and is expected to continue to grow organically to capacity. Opportunity exists to broaden classes and activities further to utilize time slots that are traditionally under utilized.
LocationType of Location: Strip Center
Lease Expires: Mar 31, 2028
Lease Security: $7,027
Monthly Rent: $7,192
Square Footage: 4500
This 4,500 square foot facility is exceptionally up-fit with fun colors and play equipment selected with safety in mind. The location offers more than adequate parking which is lit for evening visits and is conveniently located near a major thoroughfare. They say the three most important factors are "location, location, location" and this business has it.
Franchise Renewal Date: Jan 1, 2027
Royalty %: 6
Tech Fee %: $333.45
Avert Co-op %: 2
Franchise Transfer Fee: $5,000
--Paid By: Buyer
Last Updated: Nov 16, 2021 / 11:59 AM
Financial Information Current As Of: May 11, 2020 / 4:17 PM