How to sell your Education Business
You have probably spent many years building up your education business, and now you are considering whether to retire. If you are considering selling your educational business, you are probably wondering what would be the best way to go about it. Below are some of the steps to take to sell an education business.
Contact Business Brokers with experience selling Educational Businesses
Synergy Business Brokers has sold a number of businesses in the education industry. We have a database of over 24,000 potential buyers. If you have an educational company with annual revenues of $600,000 to $40 Million we would have a number of potential buyers for your business. We have experience in selling niche education businesses. You may be interested in selling a Test Preparation business; or you may be considering selling your Preschool Business; or perhaps you would like to sell an Early Childhood Education Business, Daycare, Educational Camp, or Driver Education Business. Whatever type of Educational Business that you are considering selling we will provide you with a confidential consultation and a plan to sell your Education Company.
Meeting and reviewing your financial information
Synergy Business Brokers will get to know you and your business. The strengths, weaknesses, and opportunities. Who are your customers and what types of educational services you provide? We will review your last three years financial information and current yearly information, if available and will need to determine what your salary, perks, and benefits are to come up with your owner's net cash flow. We focus on selling education businesses that have net owner's cash flow (including salary, perks, and benefits) of $200,000 to $4Million+.
After reviewing your information, we can provide you with a potential asking price for your business. The idea is to price it where you can maximize your selling price whereas at the same time attract potential buyers at a reasonable price. We don't charge a fee for these services until we sell your educational company.
Comprehensive Marketing Plan
After you engage us, we will develop a marketing document designed to attract potential buyers while maintaining your confidentiality. We will use this marketing document for advertising on the internet, contacting our database of potential buyers and reach out to strategic buyers that may be able to leverage your educational niche business. On average it typically takes 1-8 weeks for us to introduce the first qualified buyer and its usually 1-6 buyers that we introduce to sell the business. The process as a whole often is about 6-10 months, but we have sold businesses in a couple of months if everything comes together. We always strive to get multiple offers giving us the best leverage to negotiate the best price and terms.
If you are considering selling your educational company and want to discuss this further, please fill out the contact form on this page or Call us today at 888-750-5950. We have award winning business brokers that can meet with you in NJ, NY, CT, MA, PA and sell education businesses throughout the United States. To view some of our Senior Brokers and clients, you can visit Overview Video.