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Business for Sale Summary

Home Daycare for sale -NY - 34130

Business Type: business with property available,home-based business,misc. service/non-classifiable,other personal services,day care center
Home Daycare for sale -NY
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Financial Information (non-confidential)

General Information
Asking Price $499,000 Down Payment $499,000
Gross Revenues $258,440 Lease Remaining Register Free to View
Owner’s Cash Flow $158,400 Number of FT Employees Register Free to View

Financing

$499,000 Down and BUSINESS AND PROPERTY MUST BE PURCHASED TOGETHER. The property is available for an additional $655K. The business and property have been SBA pre-qualified.

Business Description

Long Established Group Family Day Care and Property available for sale. Maybe you currently live and work in the city and you are longing to escape and follow your dream of working with kids with a commute that is literally a few steps from your bedroom. Build equity in the property and leave the congestion of the city. This is the deal for you! It is a truly unique find in an upper-middle class neighborhood. Established for 14 years in a residential home, they have built a reputation based on high quality child care and convenience for their many local clients. They are fully licensed and insured with fantastic reviews. They did experience a decline in sales from 2019-2020, but have experienced a sharp bounce back in 2021 that continues today. They are licensed for up to 12 children from 6 weeks old – 5 years old. There is also a fenced in outdoor play area/side yard as required by law. It can be used for drop offs/pick ups and there is a private backyard for the homeowner or tenant to use that also has a semi in ground pool with a deck. Based on current enrollment, 2021 year end projected sales are expected to be at least $258,440.00 with an owner's cash flow of approx. $158,400, with a full-time owner-operator, even after paying a staff of 5 part-time employees. That does not include additional income from private parties that average $45/child for 3 hours. The best part of this deal is the property available for purchase. This is a multi-level 1,761 sf. residential home with one floor (852 sf) as a dedicated child care space. Above there is a 3 bedroom, 1 bath living space that could be used by the owner as a residence or rented to a third party for additional income. Current rents are in the $3000/mth range for the residential space alone. That could be 36K or more in income or to be used to pay off the mortgage. This business and property purchase has been SBA pre-qualified! A buyer would require a 10-30% down payment, good credit, industry experience and collateral. This is an ideal business and property investment in one package; or for someone with a child care background seeking to leave their existing employment to go out on their own. We are seeking a serious and financially qualified buyer with at least $115K -$346K in liquid funds to cover the asking price. The business and property MUST be purchased together. Proof of funds will be requested. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. All meetings must be scheduled by appointment only.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.