First-Rate Childcare Centers with Real Estate in Greater Boston For Sale
Turn-Key Business with Predictable Cash Flow
Greater Boston, Massachusetts
Listing Number: 1581
Asking Price: Offers are welcome
Gross Revenues: $4,475,000
Asking Price - Real Estate: $2,010,000
Don’t miss a unique opportunity to acquire well-run childcare centers with enviable real property in Greater Boston! The centers offer year-round education-focused childcare for Infants (6 weeks) through Kindergarten.
A family business for generations, these centers have a regional manager in place plus in-house administrative and operations teams. In total, the centers are licensed for approximately 280 children and poised for expansion. 2017 revenue was $4.33 million; 2018 revenue increased to over $4.47 million. Despite the revenue increase, EBITDA declined from $631,800 in 2017 to $449,000 in 2018 because investments made to increase capacity had not yet been offset by enrollment; a new owner should benefit from the expansion investment made starting immediately and enjoy an EBITDA rebound.
This opportunity is available because the long-time CEO is retiring. A successful new owner should have experience in childcare center operations/management and be familiar with EEC regulations. A new owner does not need to be Director certified; all centers have Directors and Assistant Directors in non-classroom roles.
Facilities: Appraised in 2019, the real properties are meticulously up-kept, have parking and playgrounds that are even sufficient for future expansion, sectioned nap rooms for infants, spacious offices and meeting rooms, and much more. Anyone who knows the childcare industry is sure to be impressed!
Growth & Expansion: Immediately: enrollment increase in progress now that the 2018 custom build-out and 2018-2019 hiring of additional staff is complete.
Longer Term: one center has a 25% upside opportunity in existing space to expand licensed capacity with pre-determined construction options. Another free-standing center has space for a multi-level addition.
Employees: 57 FT/ 31 PT
Support & Training: The seller will provide necessary support and training.
Reason Selling: To focus on other business interests