FinancialJul 1, 2026
Q2 revenue exceeds projection by 6%
Combined enrollment of 297 children with a 68-family waitlist pushed quarterly revenue 6% above plan. The Q2 distribution processes on July 15.
All opportunities
OperatingPrivate Business South Florida
BrightPath Learning Centers
Two operating early-education centers at full enrollment — now paying quarterly distributions.
Sponsored by BrightPath Growth Partners 143 members participatingLast updated Jul 1, 2026
Overview
Executive Summary
BrightPath Learning Centers II funded two purpose-built early-education centers in Miramar and Pembroke Pines — communities with documented childcare shortages. Both centers are now open, fully enrolled with waitlists, and paying quarterly member distributions. This page reflects an operating investment in The Circle's portfolio.
Project Description
Each center serves 140–160 children from infancy through pre-K with STEM-focused curriculum, extended hours for working families, and state voucher participation. Combined enrollment is 297 with a 68-family waitlist.
Market Opportunity
South Broward's licensed childcare capacity covers under 60% of estimated demand. Both centers reached full enrollment within a year of opening — Pembroke Pines in 11 months, Miramar in 9.
Investment Thesis
Essential-service demand, documented supply shortage, and an operator who has opened six centers — now proven by two quarters of on-plan distributions.
Current Status
Both centers operating at full enrollment. Three distributions paid to date, all on plan. Next distribution is scheduled for October 2026.
Investment Highlights
Fully operating & distributing
Both centers are open, at capacity, and have paid three on-plan quarterly distributions.
Full enrollment with waitlists
297 children enrolled with a 68-family waitlist across both centers.
Documented supply shortage
South Broward's licensed capacity covers under 60% of estimated childcare demand.
Essential-service demand
Early education is need-based spending, resilient across economic cycles.
Experienced operator
The managing partner previously oversaw 31 schools for a national operator.
Consolidator exit market
National early-education platforms actively acquire proven multi-center operators.
Investment Terms
- Offering entity
- BrightPath Learning Centers II LLC
- Investment type
- Preferred Equity
- Security type
- Class A Preferred Units
- Minimum investment
- $7,500
- Maximum investment
- $135,000
- Target raise
- $1,350,000
- Maximum raise
- $1,350,000
- Price per unit
- $750
- Target annual return
- 14%
- Preferred return
- 8%
- Profit split
- 75 / 25 above preferred
- Target hold period
- 6 years
- Distribution frequency
- Quarterly
- Offering deadline
- Nov 15, 2025
- Accreditation
- Open to all approved members
Financials
Sponsor projections — explore how the numbers move under different scenarios.
The sponsor's underwritten projection. All figures are sponsor projections.
Projected Revenue vs. Expenses
Projected Investor Distributions
| Five-Year Forecast | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Revenue | $4,460,000 | $4,683,000 | $4,917,150 | $5,163,008 | $5,421,158 |
| Expenses | $3,523,400 | $3,699,570 | $3,884,549 | $4,078,776 | $4,282,715 |
| Operating Income | $936,600 | $983,430 | $1,032,601 | $1,084,232 | $1,138,443 |
| Cash Flow | $805,476 | $845,750 | $888,037 | $932,440 | $979,061 |
| Distributions | $644,381 | $676,600 | $710,430 | $745,951 | $783,249 |
Capital Stack
Total capitalization $2,250,000
Senior Debt$900K · 40%
Member Equity (The Circle)$1.4M · 60%
Sponsor Co-Investment$0 · 0%
Est. stabilized value
$3.1M
Projected exit value
$3.6M
Sources & Uses
Sources
- SBA-Style Facility Loan$900K
- Member Preferred Equity$1.4M
- Total$2.3M
Uses
- Build-Out (2 centers)$1.4M
- Equipment & Curriculum$360K
- Licensing & Pre-Opening$240K
- Launch Staffing & Reserve$270K
- Total$2.3M
Model your investment
Your investment$15,000
$7,500 min20 units @ $750$135,000 max
Per quarterly payment
$319
Projected annual income
$1,275
Income over 6 yrs
$7,650
Projected value, yr 6
$32,925 · 2.19x
Portfolio fit: Private Business would move from 11% to 15% of your committed portfolio with this investment.
Illustrative projection compounding the base scenario of the sponsor's target return over the full hold. Estimates only — never a guarantee.
Business Plan
Business Model
Recurring tuition revenue (blended $1,290/month per child) with state voucher support for qualifying families, staffed on a proven ratio model that holds labor near 52% of revenue.
Use of Funds
Capital funded site build-out, licensing, equipment, and launch staffing for both centers. This offering is closed; funds are fully deployed.
Potential Exit Strategy
Sale to a regional or national early-education platform in year 5–6; operators with 250+ enrolled seats per center command premium multiples. A refinance path exists once both centers show 24 months of stabilized performance.
Sponsor
BrightPath Growth Partners builds and operates early-education and enrichment learning centers across South Florida, serving communities with documented childcare shortages. Centers reach full enrollment quickly and produce steady, recurring tuition revenue.
11
Years experience
6
Completed projects
2
Current projects
$18M
Total project value
Team
- CM
Cynthia Marsh · Managing Partner
Former regional director for a national early-education operator (31 schools).
Previous projects
BrightPath Pembroke Pines
Opened 2022 · full enrollment with waitlist in 11 months
Track record provided by the sponsor. Past performance does not predict future results.
Documents
The complete document room for this offering.
Project Timeline
Sep 1, 2025
Opportunity Announced
Opportunity introduced to The Circle with preliminary materials.
Sep 15, 2025
Member Preview Opened
Full data room, financial model, and sponsor Q&A opened to members.
Oct 1, 2025
Offering Opened
Commitments accepted from approved members.
Nov 15, 2025
Target Funding Date
Offering expected to reach its target raise.
Jan 10, 2026
Both Centers Open
Capital deployed and the project moves into execution.
Mar 31, 2026
Full Enrollment Reached
Key operating milestone on the path to stabilized performance.
Apr 15, 2026
Projected First Distribution
First member distribution expected, subject to performance.
2030-2031
Projected Exit WindowCurrent
Targeted period for sale, refinance, or other liquidity event.
Updates
MilestoneMar 31, 2026
Full enrollment reached at both centers
Miramar reached capacity nine months after opening — two months ahead of underwriting. Both centers now maintain waitlists.
Risks
Private investments involve substantial risk, including illiquidity and possible loss of the entire amount invested. Read every factor below before committing. Projected returns are estimates only and are not guaranteed.
Licensing & Compliance Risk
Childcare operations depend on state licensing and staffing-ratio compliance. A licensing action at either center would interrupt revenue.
Staffing Risk
Qualified early-education staff are in short supply; wage inflation above plan would compress the 52% labor ratio underpinning margins.
Operating Risk
Day-to-day results depend on management execution, staffing, pricing, and customer demand. Underperformance against the operating plan would reduce distributions.
Market Risk
Economic conditions, interest rates, and local market dynamics may change and could reduce revenue, valuations, or the pace of lease-up and sales relative to projections.
Liquidity Risk
This is a private investment with no public market. Members should expect to hold their investment for the full target hold period; early liquidity is not guaranteed and may not be available at all.
Loss of Capital
Private investments involve substantial risk, including the possible loss of the entire amount invested. Members should only commit capital they can afford to lose.
Projection Risk
All financial projections shown are illustrative demonstration estimates prepared by the sponsor. Actual results will differ, and the difference may be material.
Sponsor & Execution Risk
Performance depends heavily on the sponsor's ability to execute the business plan, retain key personnel, and manage costs. Departure of key team members could adversely affect results.
Regulatory Risk
Changes in zoning, licensing, tax, or securities regulation could affect the project's operations, timeline, or member distributions.
Economic Risk
Recession, inflation, labor shortages, or credit-market disruption could increase costs or reduce demand beyond what the sponsor has underwritten.
Exit Risk
The projected exit depends on market conditions at the time of sale or refinance. A delayed or lower-value exit would extend the hold period and reduce returns.
Questions
Frequently asked
Ask the sponsor
Questions and sponsor answers are visible to all members reviewing this offering.
Prefer a conversation?
Book a 15-minute call with the sponsor team about this offering.
Sponsor presentations and group Q&As are listed on the member events calendar.
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