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Learning Center For Sale - Grand Rapids, Michigan, MI - Kent County |
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| PROFILE: Founded In Early 2000, Successful Early Childhood Learning Center W/Re Available |
| Status: |
Available |
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| State: |
Michigan |
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| Location: |
Grand Rapids |
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| County: |
Kent |
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| City: |
Grand Rapids |
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| Primary Category: |
Service Related |
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| Alternate Category: |
None Given |
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| USABizMart Ad #: |
126498 |
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| Seller Or Contact: |
Michael Greengard |
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| Primary Phone: |
616-285-8121 |
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| Alternate Phone: |
None Given |
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| Email Address: |
See Form Below |
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| Date Ad Started: |
10/23/08 |
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| Date Ad Last Revised: |
11/19/08 |
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| Asking Price: |
$395,000 |
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| Down Payment: |
$180,000 |
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| Annual Revenue: |
$575,000 |
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| Annual Adjusted Net: |
$125,000 |
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| Franchise: |
No |
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| Relocatable: |
No |
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| Home Based: |
No |
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| Lifestyle: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Cooperation: |
Call |
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DESCRIPTION: Founded In Early 2000, This Successful Early Childhood Learning Center Is Being Offered For Sale By Its Original Owner/Operator. The Business Expanded Quickly Moving In Late 2001 To An Attractive And Wonderful 6500 Square Foot Facility Designed And Built For This Business. The Property Encompasses Two Acres With The Building Situated With Expansion In Mind. The Learning Center Also Rents 1500 Square Feet In A Brand New Strip Mall (Next Door) To House The 45 Children Who Are Before And After School Participants!
The Core Building With Terrific Contiguous Play Areas Hosts 100 Kids Daily. There Are Specific, Enriched Areas For Infants, Toddlers, Preschool And School Age (Up To 12 Years In Age) Children. The Business Has 18 Full Time Employees, Most Of Whom Are Teachers With College Degrees In Either Early Childhood Development Or Elementary Education. The Others, Plus Six Part Time Employees, Are Aides Or Cleaning People. The Business Is Proud Of The Fact That Many Of The Lead Staff Have Been Loyal Employees Of The Center For Over Five Years.
The Business Is Ideally Located In A Fast Growing, But Still Relatively Small Town Near Grand Rapids, Mi. The Success Of This Business Has Completely Eliminated The Competition. To Find The Nearest Licensed Day Care, One Has To Drive To The Next Town, Ten Miles Away.
This Successful Business Has Grown Each Of Its Eight Years With Yet Another Record Year Forecasted In 2008. In 2007, The Business Recorded Over $520,000 In Revenues And More Than $100,000 Of Cash Flow, Both Record Levels. With 2008’s First Quarter Up 10% Over 2007 Levels And An Upcoming Price Increase, The Business Will Be Pushing $600,000 Of 2008 Revenues. The Main Facility Is Licensed By The State Of Michigan To Handle Over 150 Children So There Is Still Opportunity For Growth Without Adding On To The Facility.
The Early Childhood Learning Center Can Be Purchased As A Stand-Alone Business For $395,000 (Which Is Less Than 3.30x Times Cash Flow) Or With The Real Estate, Which Is Offered Separately At The Appraised Value Of $695,000. The Business Rents The Building From The Seller For $65,000 Annually. Additionally, For Qualified Buyers The Seller Will Carry Meaningful Notes On Both The Business And The Property.
The Success Of The Business Combined With An Outstanding Facility And A Wonderful And Dedicated Staff Has Resulted In A Very Loyal Customer Base! That Customer Base Combined With A Fast Growth Area And No Nearby Competition Makes This A Unique And Outstanding Business Opportunity! |
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