Impressive Early Learning Center, Metro Detroit
For 35 years this center has been offering excellent care and educational opportunities for the communities it serves. The 17,100-sf facility located on 4.4 acres was purpose built by the current owners of the business. Licensed for 250 children, the age groups range from infant to 12-year-olds. While the center offers after school programs, most of the children are full-time day students, Monday – Friday. Before the business was adversely impacted by the COVID-19 virus, the center was tracking impressive growth. Given the center being closed for several months, revenue only decreased a modest 15% over the previous year. Year end 2019 revenue was $905,000 with EBITDAR of $289,000.
With a capacity of 250 children and current enrollment at 160, there is clearly a large up-side potential for growth. An experienced more youthful buyer could benefit immensely since the facilities and licensing are already in place. The owners have spent their entire careers in the business and are ready to retire. The real estate may be purchased outright or offers to lease will be entertained. The asking price does not include the real estate.
Once a buyer has been qualified by the broker, an offering memorandum outlining the details of the business will be provided. Please contact Glen Toadvine at [email protected] to learn more about this attractive business opportunity.