Day Care Center with Two Locations and Real Estate Sold to Strategic Buyer
The owner wanted to sell the business to move on to the next stage of her life, coaching sports and spending time with her family.
BayState Business Brokers’ Approach
BayState Business Broker Molly Hanson initially listed this business, located in central Norfolk County in Massachusetts, in 2020. While a day care with two locations including real estate generated lots of interest, the business was taken off the market given the pandemic’s impact on the industry. The business owner had identified strategies to increase profitability and reduce costs which she then implemented over the next two years, further strengthening the business financials. Molly Hanson from BayState Business Brokers then relisted the business in 2022.
Two years later, the market for day care centers had improved considerably as parents returned to work and needed day care. Both locations’ enrollment was back to pre-pandemic levels. An international strategic buyer with market presence in the United States seeking to further expand in the Greater Boston area purchased the two child care centers and the real estate for full asking price totally $4.665 million.