Harris Sells School To Franchisee For $1.7M

Memphis Daily News:

After developing the land and building a day care center, R.S. Harris has sold The Goddard School franchise he brought to 509 E. Winchester Road in Collierville for $1.7 million. Harris’ limited liability company, R.S. Harris LLC, sold the recently completed 8,170-square-foot day care center to the school’s franchisee, Love for Learning LLC.

The school is part of Goddard Systems Inc., a Pennsylvania-based franchisor of child care facilities across the nation. This is the first Goddard franchise in the Memphis area and the fifth in Tennessee, according to Goddard’s Web site.

Harris wasn’t immediately available for comment, but he told The Daily News in February, when he filed a construction loan for the property, that he would develop and build the single-story school and then sell it to the franchisee.

The 1.58-acre parcel is part of the Harley Plaza Subdivision and is southwest of the intersection of Winchester and South Byhalia roads. Harris had targeted another site on Houston Levee Road but couldn’t obtain the conditional-use permit from the town of Collierville.

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