Day Care Nursery in NYC

Price: $665,000

Location: New York City

Industry: Education and Children

Listing ID: 6302022

Well-known NYC Downtown Neighborhood Nursery School in business since 1986 serves families with children ages 1-5 years old offering full and half day programs. The nursery occupies 6,000 SF on the ground floor of a condominium building with seven bright and sunny classrooms and a private access to an enclosed backyard equipped with safety matting and various play equipment, tricycles, and playhouse. They are accredited by the National Association for the Education of Young Children (NAEYC).  The Nursery is only one of two schools in the area contracted with the DOE for the federally funded 3K classrooms starting September 2021.  Enrichment Programs (yoga, cultural dance, music, art farm, singing) and Summer Program also offered.

Fully committed for Fall but can expand to add 10 more enrollments by converting the library to a classroom. Further Growth Potential by adding language programs and other enrichment programs.  The neighborhood it serves is a peaceful enclave in NYC with a captive customer base earning dual incomes with young children. Current owner lives out of state with experienced management in place.

Listing Details

Gross Revenue: $1,800,000

Cash Flow: $219,000

EBITDA: $219,000

Reason For Sale:

Other interests

Training & Support:

Will provide

Operation

Year Established: 1986