MergerPlace

Daycare Learning Center

South Carolina


  • Asking Price: $275,000
  • Gross Income: $410,413
  • Cash Flow: $97,774
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $56,000
  • Listing ID: #224354
  • Established: 2001
  • Employees: 3 FT / 7 PT

Business Description

A great opportunity to buy a well-established traditional daycare/preschool business priced to sell quickly. The daycare operates in a growing residential community that adjoins the nationally recognized Greenville, SC metro area. The daycare is centrally located close to three primary public schools, which helps fill both it’s before and after school enrollment programs. The daycare is licensed for over 130 students, and before, COVID operated at capacity with a waiting list.
Like all daycares this year, the COVID impact has impacted the business, however, the center was able to remain open during the crisis. Attendance has rapidly increased with students returning to schools. A great and experienced staff will transition to the new owner.


Business Details

Primary Business Category: Services - Other Services
Location: South Carolina

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 7 PT

Financial Information

Asking Price: $275,000
Gross Revenue: $410,413
Cash Flow: $97,774
FF&E: $56,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The daycare operates in an approximately 5,000 sq. ft. school building with a large outdoor fenced-in playground with multiple equipment options. The center has buses used to pick up and drop off students to the nearby schools, and one nearby school uses its school buses to transport students to the after-school program. The location is within an easy drive to downtown Greenville's Main Street. The building can be leased for $50k per year or purchased from the third-party landlord for $450,000.

Growth & expansion opportunities:

While daycare centers have capacity constraints, there are multiple positives for a new owner to enhance revenue, own the facility to make improvements that a tenant might not consider, and possibly add on to increase capacity. Compared to other Greenville area daycares, the weekly rates have room for an increase, and in fact, the seller has notified parents of an increase in November. At $5 per week per child, that would create an estimated increased market value of $75,000.

Competition:

Due to location this daycare center enjoys a competitive advantage. The attendance size is preferable to a nearby corporate owned facility that has over 300 kids if at capacity. Also, having an owner operator on site with a vested interest into the well fare of the students verses a manager is definitely more desirable to parents.

Reason for selling:

The owner who has owned the daycare for almost 20 years is ready to retire and turn this great daycare over to a new caring owner.

Support & Training:

Will train for 2 weeks @ no cost The new owner will have to have a daycare operation license with the State of South Carolina. Having prior experience in the daycare industry will be a plus, but not a prerequisite given the very experienced staff that will transition with a new owner. The daycare center provides on site meals, optional summer field trips at additional revenue and other programs, and classes for the students.

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Business Listed By:

Jon Swift

Murphy Business Brokers