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Monday, July 28, 2014

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Daycare

Opened over 20 years ago, this Child Care Center has been at its current location in an affluent residential area in the St. Louis Metro area since its construction in 1997. The business has upscale neighbors including a country club, a salon and spa along with medical and financial practices. They are licensed for 89 children at rates from $147 to $235 per week. The sellers acquired the business in 2004 and have maintained a steady state of revenues and cash flow (NOB) over the years. This strong and consistent business is offered at $199,000 and is eminently financeable. The real estate, additionally available through an Illinois Real Estate Broker at $700,000, is a stand – alone building with 4,455 improved square feet plus a basement on about 0.45 acres. A build out of the basement could allow for and additional 40 enrollees. The NOB figures above are after including the estimated cost of the real estate mortgage in the expenses of the business.


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