Skip to main content

Multi-Location Delaware Daycare For Sale









Looking to sell a Daycare in Delaware, New Jersey, Maryland, or Pennsylvania? 
Let our team of experienced Mid-Atlantic Business Brokers help you maximize your work. 

State of Delaware

The State of Delaware is strategically located in the heart of one the nation’s busiest metropolitan corridors, between New York and Washington, D.C. The region is home to 56 million residents, roughly one-sixth of the nation’s entire population.

 New Castle County is an affordable metropolitan option that is situated in the heart of Delaware with great access to the leading markets on the eastern seaboard.  Overall, Delaware has the strongest state economy in the region with lower than average unemployment, a fair and equitable tax system and a well-trained workforce.  Delaware is a no sales tax State that has instituted conservative spending programs that has bolstered the economy since the 1980’s. 

More than 50% of all U.S. publicly traded companies and over 60% of Fortune 500 companies are incorporated in Delaware. Nicknamed ‘The Small Wonder’, Delaware is an ideal location for conducting business on the east coast given the low cost of living, excellent quality of life and easy access to Washington, DC, Baltimore, Philadelphia and New York City. The Tax Foundation ranks Delaware among the top states for the best business tax climate.

New Castle County

New Castle County is located in Northern Delaware and is part of the Philadelphia-Camden-Wilmington MSA as defined by the U.S. Office of Management and Budget.   The County is connected by land, sea and air with a state of the art infrastructure offering businesses global access. In 20 minutes a driver can be to the Philadelphia International Airport. 

In 2 hours, a traveler can be to either Washington D.C or New York via car or train. Passenger trains traveling between New York and Washington, DC, stops in New Castle County’s Wilmington station.

Within 150 miles of New Castle County are over 200 colleges and universities. New Castle County is also among the nation’s leaders in number of PhD’s per capita. This lends to a unique culture of innovation.  The New Castle County economy will continue to benefit from a growing population base and higher income and education levels. 

New Castle County Child Care Sector

According to the State of Delaware Office of Child Care Licensing there are 304 licensed childcare centers in New Castle County, DE.  Of those, 120 have achieved five star rating. 

 The five stars are indicative of a center that has gone through the rigors of a formal review process meeting the highest standards in four areas:  Family and Community Parnerships, Qualifications and Professional Development, Management and Administration, and Learning Environment and Curriculum. 

 The subject business and associated locations are all five star and fully compliant with applicable codes, ordinances and regulations, including those set forth by the Office of Child Care Licensing.

On the real estate front, comparable child care properties in the market rent on a NNN basis at +/- $22.00/rsf.  Based on a combined +/- 9000 sf footprint across the three locations included in this portfolio, , equivalent base rent and reimbursables would place occupancy costs at +/- $243,000 per annum. 

 These costs, attaining regulatory compliance, acquiring of required FF and E, meeting local zoning and building code standards and other factors yield this business and real estate opportunity extremely attractive as a “turnkey” operation.

Comments

Popular posts from this blog

4 Senior Housing Trends That Will Continue to Change the Space in 2020

Senior housing developments have been a popular conversation within the commercial real estate business. As the life expectancy of seniors keeps getting older and older, the growing elderly population faced a serious housing crisis in 2019. The 80+ population skyrocketed before CRE could keep up. And when it finally did, there was a lot of work to do. In order to accommodate today’s aging population, senior housing developments were a serious need. Even though investor demand started off slow, the sudden boom motivated commercial real estate developers and investors to take action and begin making moves. With more CRE pros jumping on the senior housing market opportunities, the competition went from 0 to 100 in no time. As a result, an amenity-war has broken out - but it’s unlike anything you’ve ever seen before. Let’s look at these 4 senior housing trends that are redesigning the senior housing module in 2020 and beyond: In-House Medical Services Seniors ...

NAI Emory Hill Sells Wilmington Shopping Center

  Wilmington, DE – NAI Emory Hill ( www.naiemoryhill.com ) is pleased to announce the sale of a 8,710 square foot shopping center located at 2308 Concord Pike in Wilmington, DE to The Wittig Family at DSM Commercial. Dave Morrison and Jim O’Hara Jr., of NAI Emory Hill, represented the purchaser and Seller in this transaction. This retail center is anchored by Mattress Firm, Green Drop and China Inn. The center is strategically located at the intersection of Sharpley Road and offers a great retail location along the busy Route 202 corridor. NAI Emory Hill is a completely full-service commercial and residential real estate firm serving Delaware and the surrounding counties of Maryland, New Jersey and Pennsylvania. Founded in 1981, we have the resources to design, build, finance, lease, sell, manage and maintain commercial and residential properties throughout the Mid-Atlantic . Learn more about our services at: www.propertymanagementdelaware.com www.emoryhillhomes.com

Protecting NOI in the Senior Living Space

When observing the latest trends in senior living, don’t jump to any conclusions - make sure you’ve got the whole picture first. CRE’s senior living sector is facing low occupancy rates - but that doesn’t mean the industry isn’t standing strong. When it comes to NOI, occupancy isn’t everything. While a property’s occupancy rates can act as the main contributor to net operating income, there are other elements that help fuel profits for commercial real estate investors . So what’s going on in the senior living spaces that are sparking turbulence for commercial real estate? Here’s a breakdown: Construction is Booming For the last few years, senior living spaces have been undergoing a surge of construction. Unfortunately, this elongated period of growth has taken a major hit on occupancy rates. In the five years between 2014 and 2019, national occupancy rates for senior living facilities have dropped 2.5% . As reported by the National Investment Center for Senior H...