Established Daycare Lafayette Parish

Lafayette County, LA

Asking Price:	$511,000
Gross Revenue:	$700,000
Established Year:	2000

Cash Flow:	$150,000
FF&E:	$50,000

Listing ID: 2304521Listing provided by BizBuySell

BUSINESS DESCRIPTION

This Class a Child Care Facility has been in business over 15 years with excellent reputation. Class A facility eligible for Child Care Assistance programs and in the Food program. Licenced for 80-100 children from infants to after school. Traditional care, after school care, and holiday care. Potential income around $1mm as in 2022 but currently only a bit over half that because the state funding for child care assistance is awaiting legislative action. Large waiting list above capacity can fill center once funds are freed up. Owners ready to retire after many decades in the business. Great opportunity for a current day-care operator to expand. Revenue and Cash flow shown is conservative average of recent 3 years per tax returns.

DETAILED INFORMATION

Location

Lafayette County, LA

Inventory

Not Included in asking price

Real Estate

Leased

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Facility in urban location with playground, kitchen, many classrooms. Price includes all the educational supplies, toys, appliances, playground equipment, etc. The building is available for purchase at $489,000 (recent appraised value), or can be leased for only $3500/month.

Competition

This facility had sales well over $900k and cash flow of over $350k in 2022 but sales are down considerably awaiting state funding for child care. Should that be reinstituted or expanded with state and new federal monies there is a waiting list of near 100 kids that would get income and sales back to that level from the current $500k+.

Growth & Expansion

There is no advertising. Facility has word of mouth and generational family attendance. With costs of $175/week and $100/week for after school, many families can't afford this without help so just waiting for the state to re-fund the programs like they had been in the past. This may be a great time to buy as the value will greatly increase when funding is available.

Financing

Bank financing will be a challenge based on this year with cash flow much lower than

Support & Training

Owner will transition and family member could stay as director or for smooth transition.

Reason for Selling

Retirement

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