Child Care Center with Real Estate - Price Reduction!


Asking Price: $190,000

SOLD

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  Mayumi Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , Snohomish County, WA,
Gross Income (last 12 months):
$450,561.00
Value of Furniture, Fixtures, and Equipment:
$30,000.00
Cash Flow (last 12 months):
$78,931.00
Included in Asking Price?:
Yes
Year Established:
2013
Value of Inventory:
--
Number of full-time employees:
9
Included in Asking Price?:
Yes
Number of part-time employees:
1
Value of Property (if for sale also):
$770,000.00
   
Included in Asking Price?:
No

Description


This is an education-based childcare center in Snohomish County, WA. The daycare center is licensed for 59 children ages six weeks to six years. There are nine full-time employees and one part-time employee. The owner currently works at the center full-time as the center director although two of the full-time employees have previous director experience. The center has a good location, and there is a strong emphasis on the education and training of the teachers. The teachers all have an Associates or Bachelor's degree in early childhood education, and attend ongoing training both on-site and off-site on emergent curriculum and play-based curriculum. The asking price of the business is $190,000. If the buyer wants the property as well, the owner is willing to sell the property for $770,000. This is a wonderful opportunity to own your own childcare center with an established clientele, and take it to the next level.

Facilities / Location


The childcare center has a good location with an established client base from both Snohomish and King Counties. The building is approximately 5,000 square feet. A complete rehab was done in 2013 including new fixtures, fire suppression system, and fire alarm system. The furniture, fixtures, and equipment are in very good condition. The owner will lease the property to the buyer for $3,800 base rent per month + NNN (approximately $625 per month), or sell the property for $770,000.

Competition / Market Pros & Cons


The center has a great clientele, highly trained and educated staff, and nice facility. There is a heavy emphasis on quality care and ongoing training and education for the teachers. The center has a waitlist of families waiting to get in.

Growth and Expansion Pros & Cons


Despite the center being licensed for 59 kids and the center having a waiting list, the owner has chosen to artificially cap the enrollment at 48 kids due to her desire to offer quality child care. A new owner who is more ambitious could take advantage of the waiting list and increase enrollment to the center's capacity.

Support / Training Available


The seller is willing to train. Details negotiable.

Reason for Selling


The owner wishes to return to teaching.

Any Financing Seller Will Provide?


Cash at closing.

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