Daycare, Nursery & Pre-School

Business Opportunity for Sale
Catylist Listing ID: 30649654
Property Subtypes: Educational
Building Size (RSF): 5,556 SF
Sale Price: $718,900
Name of Establishment: Daycare, Nursery & Pre-School
Year Business Established: 1975
Gross Revenue: $360,000 (Annual)
Cash Flow: $123,264 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Living Accomodations: Yes
Sale Terms: If qualified & with security, Owner will consider some financing
Last Updated: 3/28/2021

Overview / Comments

This Daycare, Nursery & Pre-School business includes the Business and Real Estate. The school is located on the lower level and a 7 room, 3-bedroom rental apartment or Owner's residence is on the upper level above the school - at street level.

The school is licensed for 37 children - 16 under 3yrs and 21 over 3yrs. Not too big to be overwhelming but large enough to make a good living. Been a daycare/nursery for 45 years, with the present owner here for the last 15 years. Reason for selling – retirement.

The 2,944 gross s.f. school has full time, part time and before & after school children's programs. There are 2 playground areas and a gazebo on the +/- 1.07 acre fenced, private rear yard.

The apartment/home has 1,662 s.f. of (living area) and 2,612 (gross) s.f. including 3 porches and a 2-car garage.

Want your own business? Like children? Here it is!

Having an apartment is good for a semi-retired teacher or existing daycare worker wanting a business of their own to make a fair-excellent living and a good investment for retirement. In the meantime, he/she will be their own boss!

It is also very convenient to live upstairs from the school or you can rent it out in a lively apartment market with a big demand especially the millennials & Gen Xers .

Let this business/property provide a salary for you, pay back the bank and yourself for your original investment, and give you a Return on your total investment when you sell and…you’re your own boss!

Besides having your home where your business is - which is awesome for some people, this daycare is in a great location. Been there for over 45 years and the current Owner for the last 15 years.

The daycare operates with 2 full-timers (including the Owner) and 4 part-timers. Hours are Monday through Friday 7:00 am to 6:00pm.

Sales for the last 6 years have averaged +/- $356,854 (2014-2019) and the last 3 years at $333,095. It looks like too many part time children were enrolled.

At the end of 2019 and the beginning of 2020 sales increased. For the first 3 months of 2020 revenues showed a 13.1% increase over the same period of 2019 – then came the co-vid pandemic with social distancing and government and industry guidelines and restrictions.

Can you assume if this event hadn’t occurred that 2020’s sales might have been +/- $360,000 (2019’s $317,312 times 13.1% increase)? Especially if you concentrated on getting more full-time children than part-timers.

Using $360,000 as the gross, Owner’s Cash Flow could have been +/- $123,064!

These are some ideas for you and your advisors to research, verify and agree or disagree with.

Should you rent the apartment a fair rent for this apartment is +/- $2,200 - $2,500 per month ($26,400 - $30,000/year)...check in the local papers and the MLS to get the latest rates.

The Day Care is located between Sherman, New Milford & Danbury (north - south) and between Brewster, NY (Route 22 & Candlewood Lake & Danbury (east - west). The Day Care runs parallel to Route 37 and Route 39 - shortcuts to everywhere!

The school is in the middle of many family's commuting routes - perfect to drop off & pick-up children while the parents work or shop.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Industry Segment: Day Care Centers
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Employee/Labor Description: 2 FT including Owner & 4 PT
Mgmt/Training Support Description: Owner will assist in the transition

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,389 38,097 104,251
Median Age: 42.91 42.17 38.58
Households: 1,110 13,445 36,334

Contact

Photograph of Listing Agent

C. J. (Charlie) Vlahos

Blanket Real Estate CTCList Member
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