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What Should I Expect When A New Center or School Opens Close To Me?

  Here are ten things you should expect when a new competitor opens close to your center or school: Private chatter amongst your parents. Private chatter amongst your staff. Both parents and staff asking you what you think of the new place. Your new competitor will check your tuition rates and business practices. Your new… Continue Reading

How Much Down Payment Money Do I Need To Buy A Childcare Company?

  Unfortunately, the answer to this question is one that many people learn the hard way.  We can make it easier for you here.  The amount of down payment required for your purchase of a childcare company or school is determined primarily by the following four factors: 1.  Your credit score. 2.  Your occupational background.… Continue Reading

How Do I Use Social Media To Improve My Childcare Company or School?

  Social Media is an extremely inexpensive and useful tool for finding, engaging and retaining clients and staff.  In today’s world, we go on line whenever we want find or research most anything.  Using social media raises your visibility.  Parents, teachers and potential business allies look for you on line, and that is where social… Continue Reading

Is my multi-unit childcare company or my chain of schools worth more if I sell multiple centers simultaneously instead of one location at a time? (Part 2 of 2)

This is part two of a two part blog post. CLICK HERE to read Part 1. 3.  Timing a transaction. In today’s market, timing can be absolutely crucial.  Here are a few timing factors that can influence the results of your transaction: a.  Is the buyer changing financing sources?  Whether the buyer utilizes funds from… Continue Reading

Is my multi-unit childcare company or my chain of schools worth more if I sell multiple centers simultaneously instead of one location at a time? (Part 1 of 2)

The answer is Yes, as long as your company “makes sense” for the prospective buyer(s).  The closing sales price can be as much as 60% higher for a small chain of centers or schools when compared to the sales price for selling a one or two center company.  This math is not the lottery version… Continue Reading