Strategies for a Smooth Transition: Exit and Succession Planning for Child Care Business Owners

Introduction Planning your exit from your childcare business is a critical phase in your lifecycle as an entrepreneur. A well-thought-out exit strategy ensures the business’s continuity and maximizes the value derived from years of hard work. Exit planning involves preparing for the eventual ownership transition, which requires careful consideration and strategic planning. Understanding Exit Planning…

The Impact of Unreported Income and Non-Business Expenses on Child Care Business Value:

“If You Hide the Money Too Well, Nobody Will Be Able to Find It.” When I started my business brokerage career in 1995, it was common to find that the business owner was not reporting all business revenues. In addition, they were also running lots of personal expenses (cars, house payment, country club membership, personal…

“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 childcare business on their own or are in the middle of trying to sell their childcare business…

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 centers in metropolitan areas with high demographics – median household income, high population, high number of children,…

"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 estate, the selling of homes by co-brokerage is very common. In commercial real estate, selling various properties…