Established and Reputable Daycare in a Prime DC Location!
Business Type:
Educational Services
Asking Price: 999995.00
Gross Revenue:
1564973.00
Cash Flow: 478084.00
FF&E Value: 100000.00
FF&E Included in Sale: Yes
Inventory Value: 1000.00
Inventory Included in Sale: Yes
Real Estate Value: $
Real Estate Included in Sale: No
State: District of Columbia
City/County: Washington
Year Established: 1991
Employees: 21
Listing Number: HZ402DZ
Listing Broker: Dustin Zeher
Broker Contact:
571-437-5135
Broker Email:
dustin@horizonbrokers.com
Business Summary:
Fantastic opportunity to own an established and reputable day care that has been serving Washington, DC for over 25 years. The center is situated on the ground floor of a major office building in a prominent part of the city. The location is ideal for both residents and commuters who work in nearby office buildings. There is a total of 10 rooms in the center allowing for individualized attention and an ideal child to teacher ratio. Current enrollment stands at 41 pupils with a maximum capacity of 62 children. Historically, the center has operated at full enrolled with a year long waiting list.
The center benefits from its long-standing reputation in the market along with a favorable population and demographic makeup and has seen stable revenue and cash flow growth over the years with outstanding licensing reports. There are six years left on the current lease and there is potential for a longer-term lease to be negotiated. The center is currently on its third 10-year lease and the building owner loves having it in their location as their staff benefits from the close proximity.
The owner has decided to retire after a long and successful career making this the perfect opportunity for a new owner to take over a consistently profitable enterprise that’s poised for continued growth. The childcare industry is one of the fastest growing markets today, so don’t miss out on this exceptional opportunity and contact us today to learn more! ***Please note, this business is currently under a Letter of Intent. All interested parties are encouraged to inquire if interested and we will place you in second position in the event something prevents the sale.
Description of Facilities:
The daycare is located in downtown DC in close proximity to Dupont Circle, the West End, and Foggy Bottom on the ground floor of a major office building. There are 10 rooms in total.
Competition:
There is standard competition for the industry and market, but this center is long established, fully enrolled (with a year long waiting list) and has a stellar reputation in the market.
Growth & Expansion:
There may be an opportunity to expand the current space in the building which will allow for as much as an additional 3000 sq ft. (which would allow for an additional 30 kids), as well as opening additional locations throughout the DC Metro Area as the current owner once had nearly 10 locations.
Seller Financing Available:
Yes
Seller Financing Terms:
Seller is willing to provide a significant amount of financing based on the final purchase price, terms, and qualifications of the buyer.
Reason For Sale:
The owner is retiring after nearly 30 years in the business.
Seller Support & Training:
The owner will provide necessary training and support.
Get More Information:
To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
Download:
Fantastic opportunity to own an established and reputable day care that has been serving Washington, DC for over 25 years. The center is situated on the ground floor of a major office building in a prominent part of the city.
