Business Summary:
CHILD CARE: Opened over 20 years ago, this Child Day Care Center has been at its current location in an affluent residential area since its construction in 1997. The business has upscale neighbors including a country club, a salon and spa along with medical and financial practices. The yare licensed for 89 children at rates from $147 to $235 per week. The sellers acquired the business in 2004 and have maintained a steady state of revenue and cash flow (NOB) over the years. Sales for 2008 are $600,000, for 2007 are $586,000 and for 2006 is $574,000. Cash flow (NOB) for 2008 is $110,000, for 2007 are $102,000 and for 2006 is $111,000. The business is offered at $250,000 and is eminently financeable with its strong and consistent cash flow. Additionally available through FirstBiz Realty at $700,000 (October, 2008 appraisal), the real estate is a stand – alone building with 4,455 improves square feet plus a basement on about 0.45 acre’s. It is estimated that a build out basement could allow an increase in licensing for an addition 40 children. The NOB figures above are after deducting the estimated cost of the real estate mortgage. Current owner nets over $110,000.
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