Large Childcare Center with Real Estate For Sale in Middlesex County, MA
Beautiful Renovated & Updated Freestanding Building
North Middlesex County, MA
Listing Number: 1587
Business Asking Price:$575,000
Real Estate Asking Price: $780,000
2018 Revenues: $800,000
2018 EBITDA: $190,000
A popular, well-run center licensed for 104 children with expansion opportunities is available for sale! This is one of the most well-known centers in the area and serves children ages four weeks to school aged, through their popular before and after school programs. Fully enrolled, the center always runs a waitlist and does little marketing besides Facebook and their website. Sales have been consistently $800-900k per year, with an owner’s cash flow (non-Director) of nearly $200,000!
This business is located in a setting convenient to several towns and on the school bus route, making transportation easy. Housed in a beautiful multi-story building, the center has a cozy feel but plenty of space for expansion for an additional 60 children! The property has been well-maintained, with many updates completed in 2015. The parking and playgrounds are sufficient for future expansion, and the property includes a kitchen area, spacious offices and flex space.
Growth and Expansion Opportunities:
Tuition rates increased in 2019, and didn’t affect enrollment, so sales and cash flow should increase this year. Furthermore, there is capacity to add more programs as well as rent the facility for programs on the nights and weekends such as mommy and me classes, adult parenting seminars, kids cooking and yoga classes, etc. This would also raise awareness of the program to those who live locally but are not currently enrolled. There are additional spaces throughout the center that could be utilized, and a purchaser could potentially re-license the center to accommodate more children.
Special Points of Interest:
- Immediate and long-term options for capacity increase
- Leadership in place including Director II and strong team of teachers
- Beautiful freestanding building that has been well-maintained and updated
- Turn-key business with predictable cash flow
Support & Training: The owners will provide necessary support and training.
Reason Selling: To concentrate on other business opportunities