CHILDCARE CENTER “MUST SELL” S. METRO ATLANTA

Sales: $500,000
Adjusted Profits: $100,000
Price: $1,100,000
Terms: The new owner will acquire the center debt free and clear of all liabilities.
FF&E: $100,000
Real Estate: $1,700,000

Two years ago this Center was appraised for +$1.7 million. Tax problems are forcing the sale for less then the Appraised Value of the Real Estate. This is an opportunity to take over a very nice school in a very nice location at a very low price. The current owners have not done a good job of managing the business and there are many opportunities to reduce costs, increase tuition and grow the enrollment.

The school is licensed for 184 full-day children plus after-school children. There are currently only 80 children enrolled

This Daycare Center spares no expense in providing high quality childcare however they have below industry average Tuition rates. They spend too much on children’s meals (12.3% of revenue) and too much on wages & payroll taxes (59% – excluding owner’s salary). These expenses are above industry averages, and this center may be a great opportunity for you.

Year Established: 1998
Employees: 23 FT

Facilities: This solid 8,138 square foot brick building was constructed in 1998 and includes 2.36 acres of prime commercial property.

Reason For Sale: Tax problems.

Growth and Expansion: In the area within 3 miles of the center, the population has grown by 18% in the last 5 years. The area has an average household income of approximately $75,000.

Growth and Expansion: In the area within 3 miles of the center, the population has grown by 18% in the last 5 years. The area has an average household income of approximately $75,000.

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