Multi-Location Childcare Center Near Boston For Sale
Waiting list for infant rooms
Middlesex County, Massachusetts
Listing Number: 1559
Asking Price: $999,000
Projected 2018 Gross Revenues: $1,823,000
Projected 2018 Cash Flow: $330,000
Don’t miss a unique opportunity to acquire a high-grossing multi-location childcare center near Boston! The centers offer year-round education-focused childcare for children from Infants (6 weeks) through Pre-Kindergarten. A summer program for school-aged children has been a popular addition in recent years.
In business for over a decade, these centers have strong brand recognition in the area and waiting lists for the infant classrooms. The centers are currently licensed for a total of over 150 children with capacity to increase for another fifteen (15) children. 2017 revenue was $1.87 million, projected 2018 is over $1.82 million. Projected 2018 Owner’s Cash Flow is $330,000.
Though the current director/owner is retiring, a dedicated leadership team, including several Director II certified individuals, is poised to continue the high-quality curriculum and family-oriented atmosphere. A new owner does not need to be Director certified; the centers are managed top-heavy.
Thanks to prominent locations and signage, 25% of new families became aware of the center by walking or driving by. Another 45% of new families come by word-of-mouth referrals from current/past families and staff.
Growth & Expansion:
One of the centers has a very large gymnasium that could be wholly or partially converted into classroom space; at capacity, the space could accommodate another 15 children. Optional additional services like sport/music lessons could be offered. The summer program could be expanded, or an after-school program could be added to fulfill demand for both extended day and tutoring services.
In the longer term, the brand recognition and great reputation of this multi-location business could support opening additional locations.
Employees: 36 FT/ 11 PT
Financing: A qualified buyer should be able to obtain SBA financing with 10-20% down.
Support & Training: The owner will provide necessary support and training.
Reason Selling: Retirement