Description

Great opportunity for an experienced full time owner operator to purchase a turnkey Preschool Center in an upscale New York community with tremendous growth potential. It is ideally located next to the 2 & 3 train stop for easy access. It has an experienced staff, many with advanced degrees. It’s unique curriculum combines music, math, dance & language in a creative teaching format whereby the children rotate through the classrooms. And there is no competition in the performing arts.. 66 Condo Apartments are opening 2 doors away creating opportunities for new families. The center offers the parents 10 more weeks of class time than its competitors and is the only Center open to mid-year 2yr olds. The layout includes 5 classrooms, play area, Director’s office and front desk. It has a park across the street for outside activities for the children. Currently licensed for 48, it can be expanded to 60 with the addition of an Assistant Teacher and a Lead Teacher.The business produced 6 figure profits when the owner ran the business full time. However, the owner’s more developed out of state businesses eventually required more of her time and forced a change to an absentee model. Management levels and staffing were added which resulted in inefficiencies and ended in management turnover and parent flight. The management & business has been stabilized and is experiencing very positive reviews. 19 children are enrolled for September and expected to rise. The business is now ready for a new owner who can integrate with the community and devote the time and energy to bring the business back to its former levels. Business offered at $125,000 with a down payment of $75,000 and $50,000 seller financing for a qualified buyer. The seller is very motivated for a quick sale and will consider all serious offers. For further information, call broker Paul Holveck at 908-851-9040 x2776224PH