childcare succession planning, exit planning

Succession Planning vs. Exit Planning

Child Care Business Operations, Child Care Business Valuation, Child Care Owner Exit Planning, Childcare Exit Strategy

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…

Not Having a Childcare Business Exit Plan Can Be Costly

Business, Child Care Business Valuation, Child Care Owner Exit Planning, Childcare Exit Strategy, Sell a Center, Taxation

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 your plan your eventual exit from your childcare business? Or is it more that you have some ongoing dialogue with yourself about how you need to get started on an Exit…

2023 Child Care Industry Mergers and Acquisitions Outlook

Business, Buy a Center, Child Care Business Valuation, Child Care Owner Exit Planning, Child Care Real Real Estate, Featured Articles, Sell a Center

Around this time of year, I am often asked about the mergers and acquisitions outlook for the childcare industry.  Although I wish I had a crystal ball, I do not. However, I will share my thoughts about the childcare mergers and acquisition trends we will see in 2023. To put things in perspective, we must…

Fair Market Rent – How it Affects the Value of Your Child Care Business

Business, Child Care Business Operations, Child Care Business Valuation, Child Care Owner Exit Planning, Child Care Real Real Estate

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…

Exit Strategy Planning For Child Care Business Owners

Child Care Business Valuation, Child Care Owner Exit Planning, Sell a Center

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…