Most independently owned child care businesses either got started with an SBA (Small Business Administration) backed (meaning backed by the US government) loan – a 7(a) loan or 504 loan, or have used an SBA loan to remodel, expand, or build a new child care center. For several reasons, including the lower down payment and…
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,…
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…
Are Business Brokers Licensed? Most people are unaware that there is no license to be a business broker. Yes, you heard me – there is no business broker license. A few states, like Illinois, offer a business broker license – which only requires filling out an application and paying a fee – much like a…
If you are considering selling your child care business within the next few years. You will want to carefully select the best child care business broker to represent you to ensure you receive the highest value for your child care business and increase your chances of a successful transaction. Although there are many things that…
