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 month. Old financial statements – say several months old – are useless when providing data that you,…
If you are considering selling your child care business within the next few years. You will want to carefully select the best child care business broker to represent you to ensure you receive the highest value for your child care business and increase your chances of a successful transaction. Although there are many things that…
This is the question that child care owners asked just after, “What is my child care business worth?” Commonly, the real estate – land and building associated with a child care business is often more valuable than the child care business. This is due to the high cost of land and the cost to construct…
In recent years I have received an increasing number of calls (more than in years past) from childcare business owners about selling their childcare business and owner financing. However, the involvement of owner financing in selling a childcare business or any small business is common. In transferring small, medium, and large childcare businesses, the seller…
How many calls, emails, and letters have you received this week from people interested in buying your child care business? If you are like most child care business owners, particularly a large child care business owner, you have probably been contacted by at least a dozen or more people this week alone. Having specialized in…
