Established Daycare with Real Estate

Business Opportunity for Sale
Catylist Listing ID: 30701370
Property Subtypes: Educational
Building Size (RSF): See Agent
Sale Price: $440,000
Name of Establishment: Latino Learning Center
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 2/6/2021

Overview / Comments

This well established child care center has successfully operated at this site for over 20+ years. Serving children between the ages of 3-12, and providing pre-school, morning start and after school programs. Secure outdoor area is accessible directly from the building. Full security camera system provides oversite of the entire facility both inside and out. Municipally connected fire alarm system provides heat, fire and carbon monoxide detection. Fully sprinklered throughout. The center remains open all year offering parents no lapses in care. Licensed for 26 pre-school and 14 before/after schoolers. Prior to Covid-19, center maintained a consistent waiting list.

The building structure consists of 2900sf of above grade finished area built out as a child care facility. There is approximately 300sf of finished lower level area consisting of ADA bathroom, private office and kitchen. The remaining lower level provides abundant dry storage area, gas boiler, hot water tank, and electrical service.

Building expenses total $14,362 and include electricity, gas, water, sewer, property taxes, and landscaping.

Currently operating as child care center catering to pre-school and after school children ages 3-12. Present operator has been in business since 2005 when it was purchased from an existing operator.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Industry Segment: Day Care Centers
Reason for Selling: Owner/seller is relocating out of state.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $15,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $320,000
Mgmt/Training Support Description: Owner will assist in transition to a new operator.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 42,251 235,177 415,361
Median Age: 29.16 33.48 36.8
Households: 13,627 87,062 160,728

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