Gather recent tax returns, profit and loss statements, payroll summaries, enrollment figures, tuition schedules, and your lease or property information. Explain your responsibilities and those of your director and staff. Work with your accountant to resolve gaps so the records present a clear picture of the business.
We review the financials, operating trends, and your reasons for selling. We also discuss your preferred timing, property plans, and willingness to help with a transition. This helps us position the business and explain the asking price to potential buyers.
If there is a good fit and you decide to move forward, we explain our listing agreement and the sale process. There are no upfront brokerage fees, and our brokerage commission is earned when your business sells.
We prepare an initial overview that describes the opportunity without identifying your center. Our marketing and buyer outreach are designed to generate interest while protecting sensitive information. We can also discuss our confidentiality agreement with you.
We screen prospective buyers and request nondisclosure agreements before sharing sensitive details. Meetings give buyers a chance to understand the center and give you a chance to assess their experience, financial resources, and plans for the business. We coordinate visits and discussions with you to limit disruption.
We help you evaluate price, financing, contingencies, property terms, and your role after closing. Where multiple offers are available, we compare the buyers’ ability to complete a purchase as well as the terms. Your comfort with the proposed buyer is part of that discussion.
The buyer reviews the business records, while the attorneys work through the purchase agreement. Raise licensing, lease, and any ownership-change approval questions with your attorney and the appropriate authorities early. We coordinate the business discussions and help keep open items moving toward closing.
Agree on your handover responsibilities, the length of your involvement, and how staff and families will be informed. A clear plan gives the buyer a practical introduction to the center’s routines, relationships, and operations.
