For Sale
$1,200,000

27975 Eureka RdRomulus, MI 48174

Thriving Business, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully operational, state-licensed daycare center in Romulus, Michigan. Located at 27975 Eureka Rd, this 4,000 square foot facility is currently operating at 100% occupancy, caring for up to 71 children. The property boasts a strong financial performance, generating a Net Operating Income (NOI) of $360,000, representing a compelling 30% capitalization rate. The asking price is $1,200,000, offering a significant return on investment. The business is offered as a value-add opportunity, with potential for further growth given its prime location within five minutes of Detroit Metro Airport and I-75, and the significant demand for childcare in the area. The sale includes both the real estate and the established business. Michigan's substantial investment in childcare grants presents additional opportunities for expansion and facility upgrades. This includes funding for renovations, startup costs, staff recruitment and business development. Note that the owner's compensation is included in the operating expenses and should be considered when evaluating the business's profitability. Showings and financial details are available upon receipt of an accepted offer.

Property Details for 27975 Eureka Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
4,000 SF

Location Insight

City
Romulus
County
Wayne
State
Michigan
Latitude
42.1954778
Longitude
-83.3123555
27975 Eureka Rd, Romulus, Michigan

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27975 Eureka Rd
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