All child care business owners should aim to increase profits and business value. Your child care business is likely your largest investment and a substantial portion of your net worth. Therefore, you must actively manage your business profits to protect the value of your child care business. Unfortunately, most child care owners struggle with increasing…
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 the training workshops I conduct and my meetings with child care owners, I find them confused about why child care business buyers buy and what the buyers are willing to pay for. Why Buyer Buy – and What They Will Pay For are not the same; let me explain. A buyer will buy your…
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…
Childcare business owners often need clarification regarding the difference between Succession Planning and Exit Planning. And which one should they be doing? To add to the confusion, succession, and exit planning are often used interchangeably. But they technically mean different things. Succession Planning focuses on planning and preparing to hand the business over to a…
