Price: $499,000
Gross Revenue: $236,000
Cash Flow/Adjusted Profits: $69,000.
Real Estate: $550,000 – Included in the Asking Price
Furniture, Fixtures & Equipment: $75,000
This school has an excellent reputation. They take children from infant to 12 years old and offer before school and after school programs. They are educationally focused and have the best looking childcare center in their market area. They are licensed for about 65 children. The Childcare center has the GA Pre-K program.
Real Estate was appraised on 10/27/2011 at $475,000. Current estimated Real Estate value is $550,000. In an effort to present a very attractive opportunity for a new owner, the fully furnished and operating school is being offered at a price lower than the current Real Estate value alone.
Year Established: Opened in the mid 2000’s.
Employees: 10 employees including teachers, Assistant Director, and Owner (who works only part-time).
Facilities: This is a very solid 4,000 sq. ft. brick building in great condition. It includes 2 acres, and plenty of parking.
Market Outlook
The current owners have been focused on education and not the business side of the school. There are opportunities for a new owner to grow the business and profits of the school.1) The School is located very close to a major traffic artery with 25k vehicles per day, but little or no marketing is done on this highly traveled road. 2) This daycare center opens late and closes early. A buyer could increase the time of the day the childcare is open. If this Center was open from 6:30am to 6:30pm, an estimated 1,000 more vehicles would pass by this center while it is open in the morning and another +1,000 more vehicles would pass by this center while it is open before it closes! 3) As an indication of the number of children in the area, there are 79 children in just the Kindergarten in the closest public elementary schools to this childcare center. As an indication of the lack of unmet market, all daycare competitors within a 7 mile radius of the school only have a licensed capacity of 12! 4) If the owner were to act as one of the GA Pre-K teachers, the owner may be able to pocket another teacher salary.
ID# CCB1041
If this opportunity is of interest, you may call us at 770-410-7582 to discuss it further.
Before a Business Owner releases confidential financial data to a potential buyer, he/she wants to know that the potential buyer is financially qualified. Please sign and send back (scanned copy or fax) the confidentiality agreement and provide a personal financial statement, corporate financial statement, or letter from a bank or CPA which would indicate your financial ability to buy a business of this size. If you do not have a personal financial statement, the attached SBA form is accepted by all SBA lenders.