SOLD! – Daycare & Learning Center in Howard County
Business Type:
Educational Services
Asking Price: 334995.00
Gross Revenue:
460215.00
Cash Flow: 127123.00
FF&E Value: 45000.00
FF&E Included in Sale: Yes
Inventory Value: 2500.00
Inventory Included in Sale: No
Real Estate Value: $
Real Estate Included in Sale: No
State: Maryland
City/County: Elkridge
Year Established: 2003
Employees: 11
Listing Number: HZ235DZ
Listing Broker: Dustin Zeher
Broker Contact:
571-437-5135
Broker Email:
dustin@horizonbrokers.com
Business Summary:
Do you love kids and always wanted to own a Day Care Center, well this is your opportunity to own a well-known, profitable Day Care Center in Howard County, MD. The business was established in 2003 and was taken over by the current owner in 2007. The current owner is absentee and the business can continue operations with the director and staff in place or a new owner can be hands on and achieve an annual cash flow of approx. $125-130k/yr if they replaced the current director. The center provides care for infants to school age. The center has an average enrollment of around 35-40 with a capacity of 58 so there is room for growth to increase revenue and profits in its current space and licensed capacity, but there is the ability to expand the operation into available space in the same shopping center that would allow an additional 35 children and could bring in upwards of another $375k of revenue.
The Day Care Center is licensed by the Maryland State Department of Education, Division of Early Childhood Development. The Day Care Center is conveniently located in a retail strip center with ample parking with good, easy, safe access and conveniently located outside of a residential community with several other surrounding residential communities and office buildings. The Day Care Center’s outstanding facilities with separated rooms, well designed programs which are specific to the abilities of children in various developmental stages and talented teachers, which are all CPR and First Aid trained that have allowed parents to confidently continue to bring their children to the facility as every aspect of the business reflects the Center’s commitment to foster a nurturing environment.
This is a fantastic opportunity for someone who wants to have fun and work with kids while being their own boss or a Day Care Center that is looking to expand their current operations. This is an established business with great potential to grow this location and it even has the ability to duplicate and open additional locations throughout the MD, VA, DC Metro Area. This is a real must see! The seller is motivated so make an offer now!
Description of Facilities:
The Day Care & Learning Center is centrally located in a small retail strip center with several nearby neighborhoods. The 3,000 sq ft facility is leased for approx. $5,100 a month. It has 5 rooms to include separate rooms for infants, two’s, three’s, four’s, and toddlers. The facility has a kitchen area, office, and a fenced in playground. The center has the ability to expand into additional space in the shopping center which is about another 2,000 sq ft if desired which can add an additional 35 children which could equate to about an additional $375,000 in revenue.
Competition:
There is standard competition, but this center is very competitive in terms of its rates and size. Of the centers their prices/rates are at about the middle to make it more affordable and appealing for its clientele. The center also accepts subsidized tuition for families that qualify.
Growth & Expansion:
The necessity for child care industry is growing as many families today rely on dual income and need a haven they can confidently bring their children. With such a growing need and this center’s ability to add to its current enrollment and expand into another 2,000 sq ft which would allow an additional 35 children and bring in an additional $375k in revenue, there is potential to grow this business into even more of a lucrative operation.
Seller Financing Available:
Yes
Seller Financing Terms:
Available depending on the final purchase price, terms and qualifications of buyer.
Reason For Sale:
Other business interests.
Seller Support & Training:
Seller will provide necessary training & support.
Get More Information:
To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Great opportunity to own an established, profitable daycare & learning center with lots of upside. Currently run absentee, owner operated with a $130k cash flow. Motivated Seller makes this a must see!
