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Category Archives: Buying A Childcare Company or School

What Are the Initial Questions I Should Ask About an Early Education Company If I’m Interested in Buying It? 

 

The Initial Questions have only one goal. Determine whether a company is interesting to you or a waste of your time as quickly as possible. While the questions won’t be exactly the same for everyone, the following should cover most if not all of you first look.

  1. Location
  2. Annual Revenue
  3. Annual Cash Flow. Specifically, EBITDA and EBITDAR. It is important to closely define “cash flow” as many people have very loose definitions for this term. A misunderstanding here can cost you time and money.
  4. Current appraised value of any real estate included in the deal.
  5. The original cost or current market value of any furniture, fixtures and equipment (FF&E) included in the transaction.
  6. The market value of the business component and how that market value was determined.
  7. The total asking price.
  8. Whether the company is properly licensed and in good standing with regulators.

You’ll certainly have other questions, but these first few can save you time, energy and money when you’re trying to identify the right candidate.

As always, we hope it helps.

Best to you…

Brad Barnett, President
BFS®

(Legal Disclaimer: Always consult the proper professionals before taking action. By and before the use of the information provided herein, reader agrees that BFS® is not responsible for viewer’s actions related to said information.)

SBA Fees Explained

  To offset the costs of its loan programs to the taxpayer, SBA charges a guaranty fee and a servicing fee for each loan approved and disbursed. The amount of the fees is based on the portion of the loan guaranteed by the SBA. The lender may charge the upfront guaranty fee to the borrower… Continue Reading

Top Four Mistakes Buyers Make When Applying for Financing

  In today’s market, financing a childcare is oftentimes the most difficult hurdle to clear whether you’re acquiring more childcare centers and schools or just refinancing your current debt.  Hence, it is very important to avoid any pitfalls that can make your borrowing process more difficult.  Here are four of the most common mistakes made… Continue Reading