Daycare, Childcare with MSDE Accreditation

Carroll County, MD

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Asking Price: $275,000

Cash Flow: $93,857

Gross Revenue: $466,233

EBITDA: N/A

FF&E: $60,000

Inventory: N/A

Rent: $7,114.16 /Month

Established: 2012

Daycare, Childcare with MSDE Accreditation

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Business Description

This is a successful independent daycare operating at 60% capacity and 40% of potential for possible growth. The current owner spent lots of time, money, and preparing all Curriculum, Educational Materials, Policy, Procedures, and Manual. It took significant amount of time and was costly process to have this center as it is today. When the center was completed, she had to hire employees, training them and then she had to promote the business to have new enrollments for generating revenue. It was costly process, time consuming but absolutely rewarding and smart decision. This center has been doing well but during recent years due to changes in owner personal life the center has not been growing to its maximum capacity. The center is profitable and has been certified to accommodate up to 85 full time children and current enrollment as of May 25, 2019 is 51 with few students in waiting list. This center was awarded accreditation through MSDE, January 2019. Their programs use a MSDE approval curriculum which focuses on math, science, art, language, music literacy, and social emotional development. This business generated $559,072 revenue, $176,697 Cash Flow in 2016 and $527,509 Revenue, $216,697 cash flow in 2017.

Detailed Information

Location:
Carroll County, MD
Real Estate:
Leased
Building SF:
5,418
Lease Expiration:
N/A
Employees:
9 FT 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The center is located in a freestanding building with large parking lot and large billboard facing two Main Street. The property has almost 2 acre lot and few playground for different ages.
Competition:
This daycare with MSDE accreditation and certified teachers stands out and not much of competition in this size are close to this childcare.
Growth & Expansion:
The daycare approved capacity is 85 and currently operates with 51 enrollments which is practically only about 60% of its capacity. The business needs an energetic owner operator who could promote this business and grow enrollment to 100% capacity. Current owner has not done any. advertising and website needs a facelift.
Support & Training:
Owner is willing to provide two weeks of support and training free of charge and beyond that with mutually agreed term.
Reason for Selling:
Personal life changes
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(from currently available funds)
 
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Mike Zarinbaksh, MBA, CBI, M&AMIC

Business Listed By:
(Mike) Majid Zarinbaksh, MBA, CBI

Sunbelt Business Advisors

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