Having worked as a child care business mergers and acquisitions advisor since 1995, I know that when a child care owner contacts me, they are often interested in selling their child care business. One of the primary things they would like to know is its value. Knowing the value is key when considering the sale…
Introduction Planning your exit from your childcare business is a critical phase in your lifecycle as an entrepreneur. A well-thought-out exit strategy ensures the business’s continuity and maximizes the value derived from years of hard work. Exit planning involves preparing for the eventual ownership transition, which requires careful consideration and strategic planning. Understanding Exit Planning…
“If You Hide the Money Too Well, Nobody Will Be Able to Find It.” When I began my business brokerage career in 1995, it was common to find that business owners were not reporting all of their business revenues. In addition, they were also incurring numerous personal expenses (cars, house payments, country club memberships, personal…
You can do many projects yourself with motivation, hard work, and some instructions. However, selling your childcare business is not one of them. Every month, I receive calls and emails from childcare business owners who either sold their childcare business on their own or are in the middle of trying to sell their childcare business…
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…
