MergerPlace

High-End Childcare Center and Preschool

Connecticut (Litchfield)


  • Asking Price: $650,000
  • Gross Income: $858,363
  • Cash Flow: $109,857
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $10,000
  • Listing ID: #220454
  • Established: 1990
  • Employees:

Business Description

Established three-decades ago, this premier provider of preschool education, extended care, infant care and before and after school programs to families in high-income towns in Litchfield and Fairfield counties is now for sale.

146 children: State of CT licensed capacity.

48 children: State of CT licensed capacity for children under 3 years.


Business Details

Primary Business Category: Services - Educational
Location: Connecticut
County: Litchfield

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $650,000
Gross Revenue: $858,363
Cash Flow: $109,857
FF&E: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

Real estate custom-built 12,493 SF facilities in established commercial condominium complex with 90+ vehicle parking lot available for lease or purchase $950,000. Custom built facilities: All classroom are equipped with the State-regulated number of sinks and change areas. Also a gym, an all-purpose room, an Atelier (art room) and Nature Classroom and a Library. The facility also has an Admissions Office, Reception/Office Manager's Office and Administrative Offices. Outdoor areas include: 3 playgrounds (Under 3's, 3's, 4's and 5's) as well as a fenced in area for infants.

Growth & expansion opportunities:

The business was profitable in 2020 despite being closed for six months due to Covid. Several areas of potential earnings and revenue upside under new ownership including, expanding capacity.

Competition:

In the US, nearly 11 million children under age five require childcare each year so that their parent or parents can work. The US childcare industry is one of the largest in the world, owing mainly to the prevalence of a culture where both parents choose to pursue a career. Childcare is one of the biggest items in families’ monthly budgets, according to a 2017 study by Child Care Aware of America. According to the Economic Policy Institute, the average annual cost of infant care in Connecticut is $15,501 and child care for a 4-year-old costs $12,731. Connecticut is ranked 5th out of 50 states for most expensive care.

Reason for selling:

Three decades after establishing the area's premier childcare and preschool, the Seller is looking forward to retirement.

Support & Training:

Will train for 4 weeks @ no cost Provides nurturing childcare to infants and toddlers as well as preschool programs that prepare three- and four-year-old children for kindergarten. Due to Covid, this facility was closed for six months in 2020. Re-opened in September 2020 and has record levels of deposit-secured enrollment for the upcoming school year.

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Business Listed By:

Alan Zinser

Murphy Business Brokers