|Asking Price: $1,350,000
Gross Income: $11,000,000
Cash Flow: $900,000
Real Estate: N/A
Year Established: N/A
Business Type: Educational Services
This is a unique opportunity, for the qualified purchaser to acquire 50% interest in a chain of Day Care facilities located in SE Pennsylvania and Southern New Jersey. One partner wishes to retire after 28 years, while the other party is not ready to do so, nor is willing to acquire the other 50% interest. Sales exceeded $10 MM in 2010 and 2011 has exhibited excellent growth since then.
Cash flow to the two partners in 2010 was approximately $600,000. The purchase price is fixed and non-negotiable at $1,350,000 for the 50% interest. An absentee investor could make the acquisition, as the selling partner's daily duties could be replaced, and that partner is willing to stay on through a transition period. The sellign partner's duties were focused on the educational programming, while the remaining partner handles most of the operational and financial matters.
Locations in SE PA and Camden County, NJ.
Reason Selling: One partner wishes to retire