Advantages of working with Daycare Realty
- We take the time to fully understand your goals and objectives,
allowing us to find the right business fit.
- We assemble a detailed marketing package containing complete
specifications of the business and property.
- We examine and review each center's financial records going back 3
to 5 years.
- We analyze the financial and market strength of each center.
- We compile a complete profile of each center's ongoing business
procedures.
- We conduct a thorough risk assessment to mitigate unforeseen issues.
- We review licensing and accreditation records to ensure complete
documentation and compliance.
- We prepare income and cash flow statements for each center.
- We advise you step by step through contract preparation and review.
- We guide you through the due diligence process and can recommend
professionals in the fields of lending, insurance, inspection,
accreditation, payroll service and legal.
- We professionally manage the entire sales process from center
selection to closing and transition.
The Process of Buying a Childcare Center
The following is a brief overview of the buying process. Please visit
our Frequently Asked Questions page for answers on more topics related
to buying a center. If you have additional questions, please don't
hesitate to Contact Us.
To begin your planning, we recommend a personal meeting. We keep every
conversation completely confidential. Please
Contact Us to schedule a
convenient time and location.
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Financing
Prequalification:
The first step in the financing process is pre-qualification. Before
you start looking at schools, you must determine which financing
options are available to you based on your individual financial
circumstances. This information establishes what price range of center
will best accomplish your purchase objectives. Daycare Realty provides
a simple Buyer Profile to be completed as the first step.
Securing the Right Financing:
After you've been pre-qualified and selected a center to potentially
purchase, we market your contract to several lenders simultaneously.
This creates competition among lenders to win your business, and in
the end allows us to obtain the best pricing and financial structure
for your business. Navigating SBA financing (among other options) is
one of our specialties.
For additional information, please visit our
Financing page or
Contact Us.
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Finding the Right Center
Engaging the services of a professional broker like Daycare Realty is
the key to finding the right business for you. Purchasing an ongoing
business can be a complicated procedure and we know what information
you need to make an educated selection and move forward with a
purchase. We are there with you every step of the way.
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Making an Offer
In order to determine if the seller of your selected center will agree
to your price and terms, you must make an offer. You do this first,
prior to doing any due diligence or costly research on the business
and property. Of course, the offer will be subject to your independent
verification of the due diligence information.
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Contract Negotiation
We professionally prepare the offer to purchase your selected center
and expertly handle all the negotiations with the seller. As the
acquisition proceeds, we manage each step of the transaction and
handle any obstacles as they arise in order to maintain an orderly
progression. Additionally, we serve as the conduit between you and the
seller for timely news and information about the purchase.
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Due Diligence (Research)
The due diligence process includes the investigation of all or any of
the following; all aspects of the real estate, personal property,
financials, insurance, licensing accreditation, financing, employee
benefits and labor matters, intellectual property, legal, taxes,
environmental and market/commercial situation of the company, and
possibly other things.
At Daycare Realty we assemble the information you need to properly
evaluate the business. We guide you through understanding all the
elements of the business and its earning potential.
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Licensing
The licensing process begins approximately 30 days prior to closing.
Daycare Realty assists you in filing the appropriate County and
State-required documentation, ensuring a smooth transition to
operating your center after closing.
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Closing the Transaction
Throughout the entire transaction, Daycare Realty is with you. From
the initial evaluation and selection of your new center through the
closing and beyond, we keep your objectives top of mind, taking the
stress out of a sometimes complicated purchase.
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Post-Closing Transition Period
After the purchase is closed, we stay with you to assist in a smooth
transfer, enlisting the aid of the seller where appropriate to promote
a successful transition. During this period you may be operating under
the seller's license (and could possibly be working with the Seller
completing some on-the-job training). This is the time to get to know
your staff, parents and children who will be critical to the
continuity of your ongoing business. At Daycare Realty, our goal is a
successful acquisition, reaching beyond to your long-term success.
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Other Services
We have strategic relationships with businesses
all over the country that provide us with a wide range of networking
capabilities. We can also recommend business intermediaries in the
areas of legal, accounting, incorporation, licensing, accreditation,
payroll services, equipment purchase and leasing and business
transfer services, who are very familiar with the childcare industry.
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