**Priced below real estate tax assessment**
This 25+ year old childcare business is located in a well-established area of North Carolina with very little competition in the surrounding area. The business is licensed for over 150 children ranging from infancy to 12 years old and operates with between 90-100 children. The business is known in the community for its outstanding after-school program and overall value of education-based standards. The business currently has an experienced team of managers in place and a transportation inventory that is included in the sale. The current owner does not work in the business and lives out of state.
This business recently entered into a meals reimbursement program that will add approximately $20,000 to their cash flow annually.
The business has been pre-approved for a 25 year SBA-backed loan with 10% down, including real estate.
Phil has over 30 years of experience as a real estate broker, entrepreneur and intermediary. Phil started a real estate company, building it into a successful business with three offices and over 60 agents. He has proven success in commercial and residential real estate as well as in running a business.
Since joining Viking Mergers & Acquisitions in 1999, Phil has helped clients find unique combinations of value that truly maximize the benefits to all parties involved. He brings his enthusiastic, creative, and professional approach to every business sale opportunity, large or small, and has consistently been a top producing broker.