|Property TypeBusiness For sale||Year Built-|
- Proparty Sub CategorieEducation and Child
- Asking Price525000
- Cash Flow180000
- Gross Revenue445000 sqft
- LocationRichmond County, NY
- Business Websitehttp://www.vestedbb.com/lid-29889
This business is currently run absentee. Work the business and reduce staff, and add another $50,000 to your take-home pay. A day care center located in Richmond County, New York has come on the market. Registered for 30 children, the business has a constant waiting list of children, ages two to six, for both the private and public sectors. Additional space is needed to serve that perpetual overflow, as well as increase the business and space, which is already built-out and included in the rent. This is available one floor below. Cosmetic improvements to the lower level and application made to city and state are all that remain to increase revenues by a third, and profits by 50%. In addition, the heavily-populated neighborhood needs and wants an after-school child care service, between the hours of 3pm and 6pm, so parents can work full days before picking up their children. Throw summer learning camps into the mix and, all-counted, revenues will increase from $340,000 per year to over $500,000, and profits from $140,000 to well over $200,000. Work the business and add an additional $50,000 to bring the revised earnings to more than $250,000. There is a two-bedroom, never-lived-in, spacious apartment upstairs, and that expected rental income is already factored in. The sellers work elsewhere (wife works the business part-time) and cannot add anything further to the business. They have decided to sell. The real estate is also available. In fact, the owner prefers to sell the business and real estate together. Call today for more information.