Deal is Done!

[AccruedExpenditure]

What kind of earnings does a 50 kid day care turnover?

 

[kyparrish]

OMG you should have pricematched to La Petite and added a new playground to bump up to $60,000 so you could use the 15% of $60,000 coupon floating around on Fat Wallet.

Net cost to you = $13,876

 

[desiplaya4life]

Originally posted by: CPA
Yesterday evening, my wife and I (actually my wife, since it's her LLC) closed on the purchase of an established daycare. We are both really excited. No more weekends of work for her (she's a retail manager) or late nights closing and the freedom of controlling our own financial destiny.

It's interesting how things work out. The previous owners wanted 90K a year and a half ago, then it was down to 80K a few months ago, with owner financing. We got them down to 55K cash and they still were responsible for paying off the note on the van that we would get in the sale (16K). After commissions and such they only got like 26K out of the place. I don't know whether to feel sad for them or happy for me.

Oh, and NO I won't be watching 50 kids. I just collect the money.

YOU GOT AOL OR MSN? we gotta chat please! my dad is interested in small business and can we get some info/help from you? thanks

im also in houston about 10-15mins away from katy.. my mom is a teacher at an elementary school over there

 

[CPA]

Originally posted by: AccruedExpenditure
What kind of earnings does a 50 kid day care turnover?

This one will gross about $135K annually. But our prices are low compared to most. If we set our prices as high as the competetion, you would be talking $200K+ gross.

As far as net, let's just say my wife is quitting her $50K retail management position and we won't have to change our lifestyle.

 

[CPA]

Originally posted by: desiplaya4life

Originally posted by: CPA
Yesterday evening, my wife and I (actually my wife, since it's her LLC) closed on the purchase of an established daycare. We are both really excited. No more weekends of work for her (she's a retail manager) or late nights closing and the freedom of controlling our own financial destiny.

It's interesting how things work out. The previous owners wanted 90K a year and a half ago, then it was down to 80K a few months ago, with owner financing. We got them down to 55K cash and they still were responsible for paying off the note on the van that we would get in the sale (16K). After commissions and such they only got like 26K out of the place. I don't know whether to feel sad for them or happy for me.

Oh, and NO I won't be watching 50 kids. I just collect the money.

YOU GOT AOL OR MSN? we gotta chat please! my dad is interested in small business and can we get some info/help from you? thanks

im also in houston about 10-15mins away from katy.. my mom is a teacher at an elementary school over there

No, I don't but you can always shoot me a PM.

 

[rocadelpunk]

yay monies! and kiddies! woot.


pics of the place?

 

[Maverick]

so are you guys leaving CO to move to TX?

Edit: my bad I thought you lived in CO for some reason...

 

[Mo0o]

How are they in the books? If they are willing to sell the business for so low, something might be up. But then again your name is CPA so you probably researched all this.

 

[Aquaman]

CPA............... Baby Einstien DVD's are your friend

I don't know why but it just hypnotizes then :Q

Cheers,
Aquaman

 

[Squisher]

Congrats, but I'm still betting that at some time you'll have baby vomit on your shirt.