Great opportunity to own an established and reputable day care that has been serving the St. Mary’s County market for over 20 years. The center is situated in a growing part of the county nearby several large commercial and residential areas. There is a total of 7 classrooms in the center allowing for individualized attention and an ideal child to teacher ratio. The center offers programs for infants (starting at 6 weeks) up to children through age 6 including before and after school programs for children up to 12 years with a maximum capacity of approx. 115 children.
The center benefits from its long-standing reputation in the market along with a favorable population and demographic makeup which has provided the business to maintain about 80-85% enrollment prior to COVID. The Center did stay open throughout COVID with reduced capacity and was able to sustain operations with as little as 15 children enrolled. *As of the middle of July 2021 enrollment is at approx. 71 kids. We expect the business to have about 75-80 kids enrolled by late August/early September for the 2021/2022 school year. There is no question that the business will quickly get back to traditionally operating capacity within the next 6-9 months. The business has seen stable revenue and cash flow growth over the last several years prior to COVID with outstanding licensing reports. There is ample parking along with well-equipped outdoor play areas.
After nearly two decades of operating the business, the owner has decided to sell the center after a successful tenure of ownership. This represents an excellent opportunity for a new owner to take over a consistently profitable enterprise that’s poised for continued growth. Please note, the revenue and cash flow claimed is from 2019 and that the historical average performance from 2017-2019 was $764,900 in revenue and $247,846 in owner-operated cash flow. The center maintained strong revenue performance and was cash flow positive despite the impact of COVID. Based upon historical performance of the center and current recovery trends, a local lender has pre-qualified the business for a loan in the amount of $600,000 with a 10% down payment through the SBA sponsored lending program. The childcare industry is one of the fastest growing markets, so don’t miss out on this exceptional opportunity and contact us today to learn more!