🧠 Valuation Insight: Hugs Aren’t Cash Flow

 🧸 Childcare centers often reflect strong demand—but valuations fall apart when:

  • The owner is the lead teacher AND director
  • Licensing doesn’t transfer or isn’t disclosed
  • Staff-to-child ratios don’t support enrollment numbers
  • Goodwill is tied entirely to the owner’s personal brand

📌 If the kids stay for the teacher, not the business—it’s not enterprise value.