**UNDER AGREEMENT** Multi-Location Childcare Center Near Boston

Middlesex County, MA

**UNDER AGREEMENT** Multi-Location Childcare Center Near Boston
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Asking Price: $999,000

Cash Flow: $330,000

Gross Revenue: $1,823,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2007

**UNDER AGREEMENT** Multi-Location Childcare Center Near Boston

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Business Description

**UNDER AGREEMENT** Don’t miss a unique opportunity to acquire a high-grossing multi-location childcare center near Boston! The centers offer year-round education-focused childcare for children from Infants (6 weeks) through Pre-Kindergarten. A summer program for school-aged children has been a popular addition in recent years.

In business for over a decade, these centers have strong brand recognition in the area and waiting lists for the infant classrooms. The centers are currently licensed for a total of over 150 children with capacity to increase for another fifteen (15) children. 2017 revenue was $1.87 million, projected 2018 is over $1.82 million. Projected 2018 Owner’s Cash Flow is $330,000.

Though the current director/owner is retiring, a dedicated leadership team, including several Director II certified individuals, is poised to continue the high-quality curriculum and family-oriented atmosphere. A new owner does not need to be Director certified; the centers are managed top-heavy.

Thanks to prominent locations and signage, 25% of new families became aware of the center by walking or driving by. Another 45% of new families come by word-of-mouth referrals from current/past families and staff.

Attached Documents


Detailed Information

Employees:
36 FT / 11 PT
Growth & Expansion:
One of the centers has a very large gymnasium that could be wholly or partially converted into classroom space; at capacity, the space could accommodate another 15 children. Optional additional services like sport/music lessons could be offered. The summer program could be expanded, or an after-school program could be added to fulfill demand for both extended day and tutoring services. In the longer term, the brand recognition and great reputation of this multi-location business could support opening additional locations.
Financing:
This business should qualify for an SBA loan with a 10-20% down payment.
Support & Training:
Training and support will be provided by the seller
Reason for Selling:
Retirement
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(from currently available funds)
 
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Molly Hanson

Business Listed By:
Molly Hanson

BayState Business Brokers

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Sponsoring Broker:
Marc Gudema, CBI

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