For over 40 years these SE Michigan centers have been offering excellent care and educational opportunities for the communities they serve. The combined locations (which are included in the sale) have a five-acre footprint and feature 23,000 square feet of well-maintained instructional area. The centers are licensed (in total) for over 350 children. Age groups range from infant to 12-year-olds. While the center offers after school programs, most of the children are full time day students, Monday – Friday.
Like so many businesses, these centers have been negatively impacted by COVID. The centers were tracking an impressive 27% growth rate before COVID hit. Given the centers were closed for several months during this past (2020) summer, it was a pleasant surprise that 2020 ended with only a 15% decrease in revenues from 2019 levels:
2019 Revenues - $1,209,830 2020 Revenues $1,024,764
With a capacity of 350 children and current enrollment at 150 children, there is clearly a large potential up-side in enrollment without the addition of space. As such, this would be an excellent opportunity for a growth-minded buyer. The facilities are purpose-built, in good condition, have plenty of capacity, and both locations are in high traffic areas. The second-generation owners are ready to retire after having successful multi-decade careers at the centers.
Please note: The SBA is offering loans until September (2021) with waived fees and forgiveness of the first six monthly (principal + interest) payments. A buyer with industry experience would only need 10% down payment to be eligible for these special terms.
Once a buyer has been qualified by the broker, an offering memorandum outlining the details of the business will be provided. Please contact Glen Toadvine at email@example.com to learn more about this attractive business opportunity.