Price: $995,000
Gross Revenue: When it was open, it had revenue of around $700,000
Cash Flow/Adjusted Profits: When it was open, it had profits of over +$240,000
Real Estate: $1,649,000 – Included in the Asking Price
Furniture, Fixtures & Equipment: $80,000
Address: 8486 Hiram Acworth Hwy, Dallas, GA 30157
This childcare center closed in May 2013 – a period with higher unemployment than the current rate.
In July 2013 – unemployment rate of 8.0%
In March 2015 – unemployment rate of 5.3%.
In 2008 to 2010 it had revenue of $690k to $730k and was very profitable. The revenue in 2011 was $600,000. In the years of 2008 to 2011, adjusted profits of the center was always in the range of $244k to $310k. The center had two GA Pre-K classrooms. It has a capacity of 190. When it was open, their rates were $175 for infants and $155 for other ages… which is competitive in the area…not the most expensive and not the cheapest. This is an excellent location with good road frontage and the childcare center is adjacent * with connected parking lots * to a nice shopping center with grocery shopping, restaurants, and other shops.
The area is a growing area and is expected to grow by 19% over the next 5 years. To show the growth in population within 3 miles: year 2000: 5,300; year 2011: 9,300; year 2016 estimate: 11,100. The Average Household income is $102,000 within 3 miles and $98,000 within 5 miles.
Facilities: 10,000 SF all brick building, completely equipped and furnished. Excellent physical condition. Very large play ground, fully equipped. 2+ acres of land. Large parking lot.
Reason for sale: The current owner’s original investment was $2,100,000 and this location was a Discovery Point franchised location. The center’s revenue, while good, was not high enough to support both a high debt service payment to the bank and franchisee fees.