SOLD - Group of Childcare Centers #15665
Worcester County, MA
Seller Financing Available
Asking Price: $849,000
Cash Flow: $175,260
Gross Revenue: $1,309,354
You don't often see multiple childcare centers come up for sale. This is an opportunity to own multiple centers in a tight geographical area. Aggregate license size is over 300! This is an opportunity to instantly dominate this market with one acquisition.
Current times has definitely brought challenges to childcare. Centers have re-opened since July 1st and is in a stable position heading into fall. Massachusetts is doing an excellent job in managing the crisis and all news points to further expansion of the restrictions on child daycare that point to a strong future. The owner has been able to control costs and still create a profitable operation even with the restrictions. This bodes very well for the future and should expand profitability once things return completely to normal.
The real estate for one location is included in the asking price; the other locations have transferable leases in place.
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