Price: $1,325,000 (This Childcare center cost $2,350,000 when built six years ago.)
Gross Revenue: $630,000
Cash Flow/Adjusted Profits: $145,000
Real Estate: $1,600,000 – Included in the Asking Price
Furniture, Fixtures & Equipment: $100,000
In 2009 the Adjusted Cash Flow to the Owner was $210,000 on revenue of $670,000. In 2010 the Adjusted Cash Flow to the Owner was $165,000 on revenue of $630,000. In 2011 the Adjusted Cash Flow to the Owner was $172,000 on revenue of $630,000. In 2012 the Adjusted Cash Flow to the Owner was $145,000 on revenue of $617,000. The owner is making improvements and expects to make profits in 2013 equal to the 2011 figures.
This business is well located at the entrance of a BIG subdivision (with many tennis courts/swimming pools) that for the last few years has been on hold because of the recession. Once the economy gets better, there will be hundreds of vacant lots in this subdivision that will have new homes with young children. The Center is also within ¼ mile of an elementary school with easy access to and from. The main road in front of the subdivision is a busy road with lots of vacant tracks of land available for development into new subdivisions. There is good access into and out of the Daycare center.
The Atlanta Regional Commission population forecasts for just the census track in which the center is located is a growth of 45.2% (4,893 people) by 2020 from the 2010 population.
There is lots of room for growth with: Licensed Capacity: 220 Total Enrolled: 115. Rates for infants: $190, Rates for 3-year-olds: $160. Has three GA Pre-K classrooms.
Square feet of facility: 10,000, eight classrooms plus large lunch room, 3 acres of land, one large bus with a capacity of 25 passengers. Building was built as a childcare center 6 years ago. Center has 18 employees plus owners.
With the addition of just a few more children, this center has the ability to be very profitable. The Seller believes that once the subdivision lots start having new homes, the center’s yearly revenue could easily increase by +50% (this is the reason the Owner founded this childcare center in the pre-recession days).
This center looks very nice. This business has excellent potential. This Childcare center cost $2,350,000 when build.
We have been retained by the bank to sell this operating foreclosed childcare center.