No photo available
Details - Information last confirmed on May 25, 2021
This is a great opportunity to own a well-established (22yrs), very profitable private Bucks County daycare with exciting growth potential. The center is deeply involved in the community and has earned a 4 Star rating for the quality educational services it provides as well as constant referrals from grateful parents. With a consistent history of high-profit margins, there is still an opportunity to grow the business through further development of existing services as well as reestablishing pickup and delivery.
To support the school, the owner has established state funding from three sources which continued even when the school had to close in March. The business enjoys a favorable lease with low rent, and the Right of First Refusal to purchase the property. In addition to being licensed by the state, the center is also licensed by the Dept of Education which allows some stretching of the student ratios which contributes to profitability. The District buses Schools Age to the school. It is currently licensed for 70, 6 weeks to age 12, with approval imminent for an additional 9. 66 were enrolled before the state closing, 49 currently and growing with 70% state-supported.
The building is 7,000 sqft with 6 classrooms, a small kitchen, hall bathrooms, in-room cameras, and a very large sectioned outdoor playground. A 24 seat school bus is also included in the purchase. Services include Infants to Preschool Care, Pre-K Counts program for the School District, Before & After Care, and Summer Camp. The owner is the Director and oversees an excellent staff, some with college degrees and others with CDAs.
The center is bank-approved for a loan. The financials are based on tax returns for the last three years and the cash flow assumes a full time owner-operator. The owner has decided to retire from the daycare industry to begin a new venture in Senior Care Transportation Services. The owner is very motivated to sell and will provide two weeks of on-site training to ensure a successful transition.
The business is offered at $560,000 with a down payment of $115,000 and bank financing for the $445,000 balance for a qualified buyer.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.