OFF-MARKET ‘Q1 2024
Established Preschool for Sale in Rhode Island
Warren, RI (Bristol County)
Asking Price: $675,000
Cash Flow: $216,612
Gross Revenue: $750,000
EBITDA: N/A
FF&E: All school related materials included in the sale. See CIM for detailed list.
Inventory: N/A
Established: 2017
Employees: 12 (3 FT and 9 PT)
Business Description
Unlock the potential of this well-established Early Learning Center, strategically positioned within an upscale community renowned for its affluent residents. With a stellar reputation for delivering top-quality care, this Center operates at full capacity due to exceptional demand, with a substantial waiting list that rivals its enrollment figures.
Convenience and accessibility are paramount at this prime location. The use of technology seamlessly integrates drop-off and pick-up procedures, ensuring a hassle-free experience for parents. The Center’s strategic placement caters to the needs of busy families, creating a seamless connection between home and their nurturing environment.
With a focus on personalized attention, this Center offers a limited student capacity of 34 children at any given time. This deliberate choice guarantees an attentive learning environment where each child can flourish, supported by a dedicated and experienced staff.
Don’t miss your chance to own and operate this thriving Early Learning Center, deeply embedded within a community of discerning parents. With its solid reputation, prime location, and untapped potential, this investment promises both financial success and the fulfillment of making a lasting impact on the lives of young learners.
NDA is required {SUBMIT BELOW} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities:
The facility offers an expansive floor space spanning 5,400 square feet, providing ample room for various activities and programs. The basement is utilized as the faculty center, the first floor has three classrooms, and the outdoor classroom serves as the fourth classroom. The classrooms are licensed. The second floor serves as a fully equipped kitchen and is licensed by the Health Department, and the remaining third floor houses office space for private administration use by the Seller’s holding company and will not be included in the lease. It is located on a generous 22,000 square foot lot, ensuring sufficient outdoor space for play and exploration. The building is owned by the Seller and will be made available to the buyer through a lease agreement. Further details about the lease terms can be found in the CIM (Confidential Information Memorandum).
Competition:
Despite the presence of numerous competitors in the area, the demand for childcare remains consistently high, evidenced by a waiting list of over 50 children. This strong demand allows the Director to adopt a strategic approach to advertising, allocating funds towards prioritizing the needs and well-being of the current attendees. By focusing on enhancing the quality of care and services provided, the Director ensures that the center maintains its reputation and attracts new families through positive word-of-mouth and referrals.
Growth & Expansion:
ProNova Partners envisions a highly promising future for this Company, perceiving significant growth potential. Given the constraints on enrollment expansion due to licensing and size limitations, we propose exploring a range of strategies to enhance profitability. These include geographical expansion, maintaining consistent philosophy and curriculum across additional locations, extending operating hours, and implementing an annual tuition increase. By pursuing these initiatives, the Company can further optimize its financial performance.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for a negotiated length of time.
Reason for Selling:
The Seller is ready to return to his previous career in engineering and has no plans of returning to the education industry.
OFF-MARKET-Established Rhode Island Preschool for Sale
