Child Care and PreK with Upside Potential – 23 Years in Business
For Sale in Auburn, WA
Financial & Assets Details
About the Business
After 23 wonderful years of running this Day Care and Pre K Center, the owners are ready to retire and relocate. Don’t miss this opportunity to take over a profitable Day Care and PreK with upside potential to covert to full PreK! Business consists of two buildings, 385 sq ft Day Care for school age kids (can be converted to PreK) and XXXXXX Sq ft building for PreK.
Currently 71 children/students enrolled, with a center capacity of 41 at a given time. The surplus enrollment allows for no vacancy in Day Care and PreK enrollment. All fixtures, furniture and equipment on site are included in the sale. Company van negotiable to be added to purchase if buyer chooses.
Owner currently is the Director of the center. Buyer will need to be acting director, or hire this role out if buyer is not qualified. Seller is willing to negotiate a post-sale employment agreement to stay on as director while buyer takes over operations of the business.
Growth & Expansion
Conversion to 100% PreK
Seller financing available for qualified buyers, terms to be negotiated based on buyer experience and financials.
"According to the National Women’s Law Center, 9% of daycare center care is now provided during evenings or weekends. The number of parents forced to rely on 24-hour daycare will only grow. It is simply the nature of everyday – and every night – life in today’s America."
Source: "America’s 24-Hour Daycare Centers: A Visit in Pictures," February 28, 2018, https://www.theguardian.com/us-news/2018/feb/28/americas-24-hour-daycare-centers-a-visit-in-pictures
I see child care businesses thriving over the next few years, especially as the economy continues to improve. The trend in this industry is toward centers that provide an excellent curriculum and educational activities for children, as well as a safe and monitored environment. Child care is becoming more and more of a necessary expenditure for families, as opposed to 20 years ago when it was considered a discretionary household expense.
Parents love being able to access a live video feed of their students via a smart phone app being coordinated with closed-circuit video monitoring of the facility.
Stable; however, there is volatility related to employment. Child care spending is usually the first expense cut when unemployed.
Average growth; declining profits with increased regulations; labor shortages of qualified teachers.
Support & Training
4 weeks included
Reason for Selling:
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