Child Care Facility, with Real Estate Included

Wake County, NC
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Asking Price:$660,000
Gross Revenue:$449,771
Real Estate:$500,000
Cash Flow:$60,224
FF&E:$67,248
Established Year:1987
BUSINESS DESCRIPTION

This child care facility is located in a growing area of Wake county located east of Raleigh within 1 hour.

- Daycare has 5 stars
- 41 children enrolled
- Licensed for 73
- No legal or contingent liability issues
- Both private pay and subsidized children enrolled
- Fully staffed

Not included in the cash flow are government grants. The grants have been substantial for the past three years at $141,893 (2021), $261,818 (2022), $86,927 (2023).

NOTE: Business being sold as a Corporate sale due to:
-being able to maintain 5 stars
-being able to continue receiving Government grants

The business is being sold as a Corporate sale with the following items not included in the sale:
- Accounts payable
- Account receivables
- Cash account as stated on the balance sheet


DETAILED INFORMATION
Location
Wake County, NC
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,400
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located on .37 acre. Plumbing & Electric are in excellent condition
Competition
- Possible add on to other existing daycare ownership. Also could be a start-up for someone - - Computerize the business to save time, and grow the business. - Increase in rates beginning 2025
Support & Training
Seller will negotiate a transition period
Reason for Selling
Retirement
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Tom Guertin
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Tom Guertin