West Toledo Daycare/Preschool Turnaround Opportunity
Business Description
All is in place to turnaround!
Over 25 year old Gold Step Up To Quality Rated West Toledo Daycare/Preschool.
Licensed for 377 children over the age of 2 ½ years old. Pre-COVID annual revenues
approached $2.3M.
New owners, without daycare/preschool experience, who purchased the business just
before the COVID pandemic, have been unable to reverse the impact of COVID and annual
revenues have steadily declined each year since.
With an established reputation, this daycare has proudly served families in West
Toledo for more than 25 years and has always maintained a great reputation in the
community.
This daycare offers a tremendous turnaround opportunity. It’s surrounding community
includes a large population of families needing child care and eligible for publicly funded
child care assistance through Job and Family services. With an established reputation,
substantial licensed capacity, and quality credentials in place, a new owner, more qualified
and more experienced in the child care industry, can focus upon rebuilding enrollment
through targeted marketing, community partnerships and expanded programming.
For an experienced child care operator or entrepreneur seeking an established business
with substantial upside potential, this offers a rare opportunity to acquire a long-standing
community institution with the infrastructure already in place to support significant future
growth.
Licensed for 377 children over the age of 2 ½ years old. Pre-COVID annual revenues
approached $2.3M.
New owners, without daycare/preschool experience, who purchased the business just
before the COVID pandemic, have been unable to reverse the impact of COVID and annual
revenues have steadily declined each year since.
With an established reputation, this daycare has proudly served families in West
Toledo for more than 25 years and has always maintained a great reputation in the
community.
This daycare offers a tremendous turnaround opportunity. It’s surrounding community
includes a large population of families needing child care and eligible for publicly funded
child care assistance through Job and Family services. With an established reputation,
substantial licensed capacity, and quality credentials in place, a new owner, more qualified
and more experienced in the child care industry, can focus upon rebuilding enrollment
through targeted marketing, community partnerships and expanded programming.
For an experienced child care operator or entrepreneur seeking an established business
with substantial upside potential, this offers a rare opportunity to acquire a long-standing
community institution with the infrastructure already in place to support significant future
growth.
About the Business
- Years in Operation
- 10
- Employees
- 8 Full-time
- Facilities & Assets
- 18487 sq ft building with a gymnasium, a cafeteria, retrofitted restrooms for small children, upscale fencing, security system and deluxe playground equipment. 3 vehicles for transporting children.
- Market Outlook / Competition
- Neighborhood needs subsidized childcare.
- Opportunities for Growth
- Prior to the sale to current ownership and COVID the annual revenues approached $2.3M. New ownership with more childcare experience and hands on operation should be able to restore this past enrollment and performance level.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 18,487
About the Sale
- Seller Motivation
- Not know how to turn it around.
- Transition Support
- Administrator and staff is in place.
Listing Info
- ID
- 2531738
- Listing Views
Listing ID: 2531738 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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