Listing Number: 76931-611918
Description
Available for immediate consideration is a pair of top rated, leading early learning schools located in the Houston Metro area. Originally established in 2009, these reputable daycares have been a staple in the community offering local school district supported learning curriculum, including STEAM based and hands on learning created to prepare students to excel in kindergarten and beyond.
Acquired by existing ownership in 2019, these centers are running primarily absentee with limited ownership interference. Owners are investors and operate other businesses outside Houston and the state. Both locations are overseen by a regional manager, and each has a Director and Assistant Director on site that manages the day to day. While this has proven to be very successful, owners feel that more hands-on participation will enable the schools to maximize capacity, which is a combined number of 385 enrolled students. Current enrollment is approximately 230-250.
Despite acquiring prior to COVID and the challenges that resulted, combined revenue in 2023 was right at $2.9M and is on track to be consistent in 2024. Summer enrollment was a little light for one location due to a change in leadership, but is rebounding. Combined average enrollment is approx. 70%, and with a little more owner involvement revenues could be maximized accordingly, with the majority resulting in an increased bottom line. Considerable grant monies were received during COVID period, and even with removing those, SDE ranges from 14-21% and EBITDA 11-16%.
One location operates under a third-party lease, while the other location is owned real estate, and available as part of the sale, for an additional $3.6M.
Business Price $1,400,000 plus CRE $3,600,000 = $5,000,000 Package. Seller willing to assign existing owned property lease to buyer if real estate not preferred.
Listing Details
- Price: $1,400,000
- Down Payment: $1,400,000
- Sellers Discretionary Earnings: $385,322
- Total Sales: $2,896,841
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $150,000
- Employees: 40
- Year Established: 2009
- Reason for Selling: Divesting
- Category: Child Care
