...connecting daycare buyers and sellers
Why should I use Daycares 4 Sale to sell my business?
When working with Daycares 4 Sale you receive the following and much more:
- Maximum exposure
- Pre-screened buyers
- Negotiating power
- Advertising & marketing expertise
- International and national co-brokering
- Pricing and financing knowledge
- Proven results
When is the best time to sell my business?
The best time to sell is when a business is doing well. It’s best not to wait until after a business has peaked; the selling price can suffer. However, almost any business can be sold, even if it is not doing well, if the sale is handled professionally and priced correctly.
How much is my business worth?
A company’s value depends on many factors- such as cash flow, asset values, financial history, condition of equipment and premises, favorable lease terms, competition, location, and the economy. By analyzing your business and comparable sales in your industry, your Daycares4Sale Intermediary can advise you on the proper pricing strategy for your business. For larger businesses we recommend a third party valuation. Buyers are much more likely to pay top dollar for a business when documented evidence supports the asking price. Most financial institutions insist on a business valuation before they will consider financing.
How do you keep the sale/about Confidentiality?
Confidentiality is the most critical issue in the sale of a business. Daycare sellers do not want their teachers, parents, or vendors to know that his business is for sale. It is also very important that any potential buyer prospect sign a Confidentiality Disclosure Statement.
How long will it take to sell my business?
The time needed to sell your Daycare depends on a great many factors, including the price of your business, the type of business, your willingness to finance all or part of the purchase price and market conditions. On average, it takes 8 to 12 months to find a buyer and consummate a sales contract. Obviously, reasonable pricing and flexible terms tend to result in faster sales.
Am I going to be able to transfer my lease?
It will be almost impossible to consummate a deal unless the lease can be transferred. Leases will have a clause that defines the landlord’s rights regarding transfer. Frequently the seller will be required to remain as a guarantor of the lease and often there may be a charge by the landlord for the transfer.
How long is the training period for the buyer?
Generally, you will be expected to provide two weeks to two months of training in the business with equal time of telephone consultation. Remember, if you are financing any portion of the purchase price, you still have an investment in the business, so properly training the buyer is in your best interest.
Will I have to sign a non-compete agreement?
Yes. Generally, the non-compete agreement covers the area from which your current customers are generated and the time period commonly equals the term of the financing you are providing to the buyer. For example, if your customers come from a 20 mile radius of your business and you are providing the buyer with a five year loan, you will be asked to sign a non-compete agreement for a five year period, covering a 20 mile radius from your business.
What is my business worth?
“The Market” makes the final determination of value. At Daycares4Sale, we have experience in valuing almost any business. Our estimates of value are not “certified business valuations” although we can provide this service for a fee, however our experience and volume of comparable businesses allow us to give the business owner a very good estimate of value.
What records are you going to need from me to help sell my business?
Good business records are very important in having a good sales price. This includes accurate financial statements and tax returns. However, we are used to working with businesses that may have less than adequate records.
Why not sell my Daycare myself?
Most owners find that the frustration, expense and time involved do not yield cost savings and many end up working with unqualified buyers. In fact, because they do not have access to a large number of qualified buyers, many owners end up selling their business for much less than they could have received by working with a well-established Intermediary. Plus, owners find it difficult to work directly with buyers while maintaining confidentiality. Selling a Daycare is a specialized trade. Seek professional assistance when it comes to selling an asset as valuable as your business.
DAYCARES 4 SALE
Daycares 4 Sale does not in any way endorse or recommend any of the products, services, ads, and businesses for sale found within its website, and cannot be held responsible or liable in any way for your dealings with them. Daycares 4 Sale has not independently verified any of the information about the products, services, ads, and businesses for sale and assumes no responsibility for its accuracy or completeness. Daycares 4 Sale does not own or operate a child day care facility itself, and makes no representation of any of the listings contained within the domain Daycares 4 Sale. Daycares 4 Sale provides this site as a directory to assist you in finding businesses for sale and kids related products and services. Daycares 4 Sale does not guarantee the accuracy of listings on its site. However we do strive to keep listings accurate.