It's heading towards the same sticky end as ABC because childcare is just too difficult an industry to make money in.
As stated in the following excellent article from Intelligent Investor, "Childcare operators compete not just with other profit-seeking peers but also with family daycares, community centres and not for profit centres.
Trying to maximize returns against competitors who aren’t trying to make any money at all is a tough ask and helps explain why G8’s occupancy rates have consistently fallen."
And, " 'Rollups' like this can work for a while, but they usually come a cropper in the end. They work best when there are economies of scale to exploit, but there aren't many in this industry."
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