Business Overview:
Established three-decades ago, this premier provider of preschool education, extended care, infant care and before and after school programs to families in high-income towns in Litchfield and Fairfield counties is now for sale.
146 children: State of CT licensed capacity.
48 children: State of CT licensed capacity for children under 3 years.
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Property Features and Assets:
Real estate custom-built 12,493 SF facilities in established commercial condominium complex with 90 vehicle parking lot.
Custom built facilities: All classroom are equipped with the State-regulated number of sinks and change areas. Also a gym, an all-purpose room, an Atelier (art room) and Nature Classroom and a Library. The facility also has an Admissions Office, Reception/Office Manager's Office and Administrative Offices.
Outdoor areas include: 3 playgrounds (Under 3's, 3's, 4's and 5's) as well as a fenced in area for infants.
Assets- $45,000
Market Competition and Expansion:
In the US, nearly 11 million children under age five require childcare each year so that their parent or parents can work. The US childcare industry is one of the largest in the world, owing mainly to the prevalence of a culture where both parents choose to pursue a career. Childcare is one of the biggest items in families’ monthly budgets, according to a 2017 study by Child Care Aware of America. According to the Economic Policy Institute, the average annual cost of infant care in Connecticut is $15,501 and child care for a 4-year-old costs $12,731. Connecticut is ranked 5th out of 50 states for most expensive care.
The business was profitable in 2020 despite being closed for six months due to Covid.
Several areas of potential earnings and revenue upside under new ownership including, expanding capacity.
Reason for Selling:
The Seller is looking forward to retirement.
Additional Details:
- The property is Leased.
- The owner is not willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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