Catylist ID: #30649654
Daycare, Nursery & Pre-School
Business Opportunity for Sale
|Catylist Listing ID:||30649654|
|Building Size (RSF):||5,556 SF|
|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|
|Sale Terms:||If qualified & with security, Owner will consider some financing|
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 - $30,000/year)...check in the local papers and the MLS to get the latest rates.
The Day Care is located between Sherman, New Milford & Danbury (north - south) and between Brewster, NY (Route 22 & Candlewood Lake & Danbury (east - west). The Day Care runs parallel to Route 37 and Route 39 - shortcuts to everywhere!
The school is in the middle of many family's commuting routes - perfect to drop off & pick-up children while the parents work or shop.
Attachments & Media
|Industry Segment:||Day Care Centers|
|Reason for Selling:||Retirement|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$0|
|Employee/Labor Description:||2 FT including Owner & 4 PT|
|Mgmt/Training Support Description:||Owner will assist in the transition|
|Proximity:||1 mile||3 miles||5 miles|
C. J. (Charlie) VlahosBlanket Real Estate CTCList Member
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