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…
