Turnkey, Multi-Location Daycares with Management Team in Place

Providence County, RI

Sale Pending

Asking Price:	$1,699,000
EBITDA:	$334,641

Gross Revenue:	$948,400

Listing ID: 2293175Listing provided by BizBuySell

BUSINESS DESCRIPTION

These Rhode Island daycares pride themselves on creating a home-away-from-home environment for children that helps them feel ready to learn. The centers are RI DHS licensed and members of the Brightstars program
With locations convenient to commuting routes, the schools offer part- and full-time early childhood education programs for Infants through Pre-K. The schools have an impressive full-time enrollment equivalent yet room to expand.
The owner is primarily absentee, only managing a few back-office responsibilities, and is looking to fully retire. For an experienced operator, a 2-week transition period would be sufficient, but the owner is willing transition for up to 8 weeks if needed (negotiable compensation).

Interim 2024 financials are strong year over year.

DETAILED INFORMATION

Location

Providence County, RI

Inventory

Not Included in asking price

Growth & Expansion

• The full-time enrollment equivalent is high but could be further increased with an enrollment push. • At one site, the landlord has offered adjacent space for physical expansion. • Expand programming to include before & after school, utilizing the moveable walls for easy reconfiguration. • Regular tuition increases have been approximately 5% per year. A new owner can confidently model 5% annual tuition increases in their projections since the families are accustomed to this.

Financing

A qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

Support & Training

The seller will provide training and support to ensure a smooth transition.

Reason for Selling

Life style change

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