Child Care Center, Metro Detroit SALE PENDING

Not Disclosed, MI
Wayne County

SE Michigan


Asking Price: Annual Revenue:
$500,000 $905,000

Services: Children - Child Care, Education


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RE: Child Care Center, Metro Detroit SALE PENDING Broker: Glen Toadvine
Owner Financing is Available!

Quick Facts

Asking Price: $500,000
Annual Revenue: $905,000
Net Profit: Not Disclosed
Cash Flow: $289,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: Not Disclosed
BBN Listing #: 145331216
Broker Reference #: GT1021621

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Business Overview:

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. With the center being licensed for about 250 children with age groups ranging 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 negatively 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 glen@praxisbusinessbrokers.com to learn more about this attractive business opportunity.

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Property Features and Assets:

Purpose built by owner

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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