Sell a Business for the Best Price
Selling a Preschool or Kindergarten
Is the economy still a little shaky for a business sale? Sure it is. Yet preschools or kindergartens haven't heard the news and are reporting steady action on the business-for-sale market.
Business-for-sale markets are less dependent on economic conditions than most sellers think they are.
Most preschools or kindergartens are good business opportunities, a fact that is not going unnoticed by today's discerning buyers.
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
What to Expect in a Preschool or Kindergarten Sale
It's impossible to predict the emotional highs and lows you will experience during the sale of your preschool or kindergarten. Many sellers experience discouragement during a long sale process. You can prepare yourself by talking through your emotions with friends and family members, and thoroughly evaluating your minimum requirements before you put your preschool or kindergarten on the market.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your preschool or kindergarten's physical assets. Most sellers, however, conduct a pre-sale appraisal to gain an accurate gauge of asset value prior to negotiations. Without an accurate assessment of asset values it's impossible to intelligently negotiate on price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your preschool or kindergarten.
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