Location: Manhattan, New York
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.
*Landlord willing to work with new owner for capital improvements.
Gross Revenue: $1,800,000
Cash Flow: $219,000
Reason For Sale:
Training & Support:
Year Established: 1986