Financing: $525,000.00 Down and
Reason for Selling:
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 information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.