Selling your Daycare and Preschool Business
You have put a lot of work in building up your daycare and preschool business and you may now be considering how best to transition into retirement. You want to make sure that you get the right buyer that will continue on with your high level of service to the Children and Employees and you also want to get a good price for daycare/preschool business. Some questions you probably have are: What is my daycare business worth? How do I go about selling my early childhood education business while maintaining confidentiality and also running the business? What business brokers have experience selling day care businesses and who might buy my preschool?
Synergy Business Brokers has experience selling Daycare & Preschool Businesses
We have been selling educational businesses for over 15 years and have built up a database of over 24,000 potential buyers. Part of our work is finding the right buyer for the right daycare/preschool business and negotiating terms that work for both buyer and seller. We also have experience selling early childhood education businesses focused on educating kids 6-12 years of age. To give you an idea of how the process of selling your educational business works the first step is for us to have a conversation about your business so that we can understand what might be appealing to a potential buyer of your business. We sell businesses that have an owner's annual net income (including their salary, perks, and benefits) of $200,000 to $4 Million so hopefully your business falls within that range. We'll review your financial information to identify trends in the business and what your true owner's income is. Next we'll give you an idea of a potential selling price for your daycare center. If this is something you want to move forward with we will have you sign our Listing Agreement which provides for a payment to us only if we successfully sell your preschool.
Comprehensive Marketing Plan while maintaining confidentiality
Once you sign our Listing Agreement we will get to work in writing up an overview document about your business. This will be a document that will provide information about your business but is designed to protect the confidentiality of which daycare business is for sale. We will advertise this overview document on a large number of websites including ones that get millions of views. We will have people sign confidentiality agreements and give us information on their qualifications to purchase your daycare business before we provide the details of your daycare business for sale. We will have to filter through a lot of tire kickers and shoppers before getting someone that is both interested in your business and qualified. It usually takes about 1-8 weeks to get this first potential buyer that we introduce to you and it's normally 1-6 buyers that we introduce to sell the business. It's a process that unfolds over time and on average it takes 6-12 months to sell a daycare/preschool business.
Once we introduce a potential buyer they will have questions, to understand whether they would be interested enough to make an offer for the business. It's also a good opportunity for you to see if the buyer is someone that you feel comfortable with in taking over the business. You will usually have to work with them in helping them with a transition of the business. It does help to keep an open mind because there are different types of buyers and the best offer may or may not come from someone in the business already.
Closing the Sale
When we get your first offer, we will assist you in analyzing the offer to see if its something acceptable or requires a counter offer. Our goal is to get multiple offers which provides us with leverage and the best opportunity to get you a great price for your daycare/preschool business. After negotiations are over and an offer is accepted the next step is to move to due diligence and verifying the information that has been provided and also to negotiate the details of a purchase and sale agreement which will take the terms of the offer letter and spell out things in more detail. The final steps is to close the deal and than help the buyer with the transition of your daycare/preschool.
If you are considering selling your daycare/preschool business and would like a confidential consultation, please fill out the contact form on this page or call us today at 914-738-9350. We have award winning business brokers that can meet with you in CT, NY, NJ, MA, PA and throughout the Northeast.