Seller's Corner |
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Would you go to a podiatrist about back pain? Would you go to a divorce lawyer about a traffic ticket? So why would you go to a Broker that does not specialize in child care to sell your facility? We are aware that many childcare owners are reluctant to place, or even explore the possibility of placing, their facility on the market for fear of the word getting out to parents and staff. Since we deal exclusively in childcare, we understand the industry and the need for confidentiality. Based on our years of experience, we have developed operating procedures that ensure a smooth and confidential transition. You've decided to sell! A decision of great
magnitude and probably the most important one as a business owner. Before you get started,
you must first ask yourself a few questions:
The first order of business will be to assist you in arriving at a marketable sales price. We say assist because you will be the deciding factor of your sales price, not us. After all it is your business. We will use a number of techniques that are utilized by lenders across the country to arrive at a range that your facility should sell for. Why do we use Lender techniques? Because the odds of someone, individual or corporate, paying your price in non borrowed funds is a rare occurrence. Most purchasers will require the assistance of a commercial bank or lender to fund their transaction. (Please visit our FINANCING section for a detailed look at the lending process) Our ability to assist you in determining a marketable sales price will be contingent on your bookkeeping practices. In order for us to analyze your facilities historical cash flow, potential future cash flow and its ability to service debt (loan payments), you will need to have available the last 3 years filed business tax returns, an up to date financial statement (Profit & Loss Statement with Balance Sheet) and certain other readily known information like current enrollment and owner benefits. We understand that many owners are reluctant to share such personal information about themselves and/or their business; unfortunately however, this information is the cornerstone to our task at hand, arriving at a marketable and financable sales price for your facility. Think of it this way, you wouldn't go to your family doctor and ask him to give you a diagnosis without first giving him your symptoms.
We know that as an owner, a great deal of responsibility is placed on you to oversee the daily operations to ensure long term success of your business. Each day a new set of challenges present themselves to which you must overcome. We understand this and will accommodate you by working around your schedule, this means weekends too. Give us a call so we may schedule a no obligation confidential meeting to discuss your options.
The ever changing commercial industry has led to many developments in the way brokers are compensated, from up front fees to other along the way expenditure reimbursements. The bottom line! We don't get paid until you do. Our commission is based on a percentage of the total sales price and is payable upon a successful closing. What does this mean for you? It means that you can count on us doing our very best to accomplish your goal because we don't get paid unless you do. |
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Realty & Investments, Inc. |