Property Features
Property TypeBusiness For sale | Year Built- |
SQFT- | Tenancy- |
Building ClassA | Zoning- |
Details
- Proparty Sub CategorieEducation and Child
- Asking Price125000
- Cash FlowN/A
- Gross Revenue593989 sqft
- EBITDAN/A
- FF&E20000
- InventoryIncluded in asking price
- Established2012
- LocationBrooklyn, NY
- Employees8
- Support & TrainingSeller will provide 2 weeks of Training
- Reason for SellingSeller cannot devote full time to the business due to other business interests
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
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