Description Attractive professional and long established childrennƒ?s day care center located in Morris County, Northern New Jersey is for sale due to sellerrƒ?s retirement. The center is approved for 100 children in this modern attractive free standing structure. The business has a gross income of $487,865 and a dependable and consistent net yearly income to the owner operator.
The center is a state-licensed childcare facility teaching center established in the late 1970's on a beautiful 1/3 acre site. This center has a professional Creative Curriculum, offers a year-round program for infants (6-weeks) through pre-kindergarten students and operates on a 12-month calendar schedule.
The sale includes a quality curriculum guide, computers, all the required equipment for each classroom, childrennƒ?s outdoor play equipment including various equipment required for this particular industry. The building has a legal capacity for 100 children, 4,900 square feet, consisting of two floors and a full basement. This business has eight employees who are unaware of the pending sale and expected to remain post-closing, $6,670, rent security of $13,300.
This business location has substantial private parking on the site as part of the lease. The Center is operational five days weekly with hours from 6:45 am to 6:00 pm. This particular industry requires a state license and a certificate of occupancy from the appropriate government agency to conduct its day to day operation. The business has an assignable commercial lease which expires 2024-01-01, plus additional options, with a monthly rent of $6,666 and rent security $13,300 and an option to purchase the property. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. This is an excellent safe business opportunity. Contact for more information on this Long Established Private Day Care Center for sale.
