Asset Sale Preschool in Morris County, NJ

This listing presents an opportunity to acquire a turnkey asset sale preschool located in Morris County, New Jersey. Situated in a suburban town surrounded by upscale communities, the center boasts a 3,000 sqft facility that was fully renovated three years ago, featuring new floors, furniture, and appliances. It includes four classrooms, a director's office, a full kitchen, and playground facilities, with cameras installed throughout. The center is licensed for 67 children, ages 6 weeks to 13, with potential to expand to 80. At the time of listing, 25 children were enrolled. The business operates under a long-term lease with two years remaining on the initial five-year term, followed by four five-year options. The local market is favorable, with no public options for ages 3 and 4, supporting the business's growth potential. The current owners are selling due to health reasons and the expansion of their other businesses, seeking a quick sale and are open to negotiation. The asking price is $40,000. Government funds are approved and transferable to the new owner, and the business requires a full-time, on-site owner-operator to maximize its potential.