Every child care business operates in a facility – building and land. Some child care owners lease the building and land from a third-party owner. The owner of the building and land “real estate” determines how much rent they require. This “third-party,” “arms-length” relationship often results in the greater likelihood that the child care business…
Did you know surveys indicate that three out of four (75%) business owners regretted the decision to sell their business? Unfortunately, the statistic is true. Business owners often note three primary reasons for regret: One, lack of preparation. They realize they should have started planning their exit much earlier and done more to prepare their…
Although there are many things that can prevent or delay a child care owner from exiting their business, the number one reason is Value Gap. What is Value Gap? Value Gap is the amount of money needed or desired and the actual value of the child care business – how much it is worth and…
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…
Dear Child Care Business Owner, I am celebrating 23 years of selling child care businesses in North Carolina! I started my business brokerage firm in 1995. For a few years, I listed and sold all types of businesses. However, after selling several child care businesses and learning more about the industry, I decided to specialize…
