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Our Questions: What Financial Reports Should My Accountant Provide?

At a minimum, you should receive monthly (not quarterly) financial reports – Profit and Loss Statement and Balance Sheet. These reports should be timely – you should receive both reports no later than the 10th of the following

Creating a Financially Healthy Child Care Business

Childcare businesses, just like people, can be described as either healthy, a little sick, anemic, or gravely ill. When sick, humans often need a consultation with a doctor, the right medicine, and often a change in diet, lifestyle,

“Not a Do-It-Yourself Project”: Child Care Business For Sale By Owner

You can do many projects yourself with motivation, hard work, and some instructions. However, selling your childcare business is not one of them. Every month, I receive calls and emails from childcare business owners who either sold their

Your Questions: Converting Your Business to a Child Care Franchise

In recent years, we have seen an increase in all childcare franchise brands seeking to convert independent childcare businesses to their brand. For instance, Primrose, Goddard, The Learning Experience, and Kiddie Academy land others looking to convert large

Working With Child Care Business Brokers

“Selling your child care business, you often only get one chance to do it right. Do Overs are Rare” If you are considering selling your childcare business within the next few years. You will want to carefully select

"It Is Not About Playing Well With Others": Selling a Child Care Business and Co-Brokerage

Co-brokerage commonly refers to the sharing of a listing where often one broker represents the seller, and another broker represents the buyer. The commission paid by the seller is split between the two brokerage firms. In residential real

Child Care Business Brokers FAQs

Are Business Brokers Licensed? Most people are unaware that there is no license to be a business broker. Yes, you heard me – there is no business broker license. A few states, like Illinois, offer a business broker

Online Workshop: Child Care Business Owner Exit Planning Workshop

Do you have an Exit Plan for your childcare business? Is it a well-thought-out, written plan that outlines the process you will follow as you plan your eventual exit from your childcare business? Or is it more that

Explore Articles About Increasing Child Care Business Value, Exit Strategy Planning, Buying and Selling Child Care Businesses