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Business for Sale Summary

Superb Day Care for Sale in Richmond County, NY - 29889

Business Type: educational services / schools,misc. servicel/non-classifiable,other business services,day care center
Superb Day Care for Sale in Richmond County, NY
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This business has received 125 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $525,000 Down Payment $525,000
Gross Revenues $445,000 Lease Remaining Register Free to View
Owner’s Cash Flow $190,000 Number of FT Employees Register Free to View

Financing

$525,000 Down and

Business Description

A child day care center located in Richmond County, New York has come on the market. Registered for 30 children, the business has a constant waiting list of children, ages two to six, that it turns away each year. Additional space is needed to serve that perpetual overflow, as well as increase the business and that space is now available as cosmetic improvements to the lower level and backyard play center are nearing completion. This Day Care is no longer funded by the State of New York; rather, the City of New York has established a more lucrative funding program that the Day Care now enjoys. Profits from the newer funding program and from the resultant increase in child enrollment should be substantially higher in 2020. Work the business in either an administrative or teaching capacity and jump the earnings considerably more. In addition, the heavily populated neighborhood needs and wants an after-school child-care service, between the hours of 3pm to 6pm, so parents can work full days before picking up their children. Throw summer math or English learning camps into the mix and the business you buy will not resemble the business you will then own. There is a two-bedroom, never-lived-in, spacious apartment upstairs. The sellers work elsewhere (wife works the business part-time) and cannot add anything further to the business. They have decided to sell. The real estate is also available. In fact, the owner prefers to sell the business and real estate together. Call Gerald Nimberg, Senior Business Broker, at 646-269-4616 today for more information.

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.