Reason for Selling:

Retirement

Overview of the Business:

Well maintained infant toddler day care center in the midst of Manhattan’s affluent apartment dwellers; demand in this area for this type of facility is overwhelming. Facility surrounding by well off apartment inhabitants. At present facility is licensed for 56 (60) toddlers/infants. Facility has kitchen to serve snacks and light meals. Fees can be raised. This year net income base on first 6 months will be well over $100,000. At present site has a high payroll of 54% - an experienced operator who can bring it down to industry standard of 45% can earn an extra $83,550 – This well heeled area of Manhattan apartment dwellers are constantly looking for top notch centers for their children. This center hits that criteria and demand for their facility is there even without advertising – this facility has its own ground floor private entrance away from apartment entrance. Parking garages abound in the area that will allow for unscheduled pick up or delivery to students. If there are any serious experienced operators who desire to increase profits to elevate value to an existing day care facility here is a challenge that will double centers market value.

Market Competition and Expansion:

Competition: Not enough day care facilities in this area of Manhattan Expansion: Realignment of existing spaces can possibly increase facilities capacity.

Additional Details: