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Keep Your Day Job! The Blueprint to Buying a Childcare Center
Let's Scope Out the Competition
Overview of the Session (0:32)
Level-Setting With Definitions (1:20)
Conducting a Competitive Analysis (6:48)
Articulating Your Strategic Advantage (3:27)
Putting it Altogether (1:45)
Communicating with the Seller
Overview of the Session (0:23)
Breaking Down the Types of Seller Communications (3:54)
4 Keys to Communication Success (2:52)
Getting a 'Leg Up' Early: Mastering the Initial Outreach
Overview of the Session (0:34)
Using the DAYCARE Acronym to Understand a Childcare Listing (2:33)
Deep Dive Into the DAYCARE Acronym (6:12)
Decoding the Childcare Center Listing Using DAYCARE (1:35)
Crafting Your Outreach to the Seller With Precision (2:06)
Question Bank (0:08)
Bonus Tips for Your Initial Outreach (1:10)
Digging Under the Hood: Conducting Your Due Diligence on the Purchase
Overview of the Session (0:20)
Level-Setting With Definitions (0:42)
What Documents to Request and Why (2:36)
How to Conduct a Review of the Requested Documents (8:37)
Laying Eyes on the Place: Conducting Your Site Visit
Overview of the Session (0:22)
Level-Setting With Definitions (1:21)
What to Observe: People, Place & Things (1:27)
The Anatomy of a Daycare Day (2:53)
Time of Day: Opening of the Childcare Center (1:12)
Time of Day: Child Drop-off (1:33)
Time of Day: Morning Activity (1:44)
Time of Day: Lunch Prep and Lunchtime (3:18)
Time of Day: Naptime (2:34)
Time of Day: Afternoon Snack and Activity (2:59)
Time of Day: Child Pick-Up (3:03)
Time of Day: Closing of the Childcare Center (1:33)
Getting Down to Brass Tacks: Determining the Fair Value of the Business
Overview of the Session (0:24)
Level-Setting With Definitions (1:01)
Deep Dive Into Hard Assets: Valuing Existing Land, Equipment & Other Tangible Assets (5:17)
Deep Dive Into Soft Assets: Valuing Enrollment (5:26)
Deep Dive Into Soft Assets: Valuing Existing Staff (3:21)
Understanding Childcare Center Expenses to Determine Potential Profit (2:21)
Making the Offer: Calculating a Fair Offer Price (3:24)
Negotiating the Price of the Sale Like A Pro (1:53)
Getting Your Hands on the Money
Overview of the Session (0:27)
Weighing the Pros and Cons of Cash, Owner-Financing & Loans (6:59)
The Graceful Takeover: Transfer Ownership Like a Pro
Overview of the Session (0:36)
First Things First: Getting Your Local and State Regulatory House in Order (4:52)
Transferring the Lease from the Previous Owner (2:37)
Informing Families of the Transition in Business Ownership (2:25)
Informing Staff About the Transition in Ownership (7:19)
Next Steps
You Did It! Congratulations on Becoming An Informed Childcare Center Buyer! (1:15)
Deep Dive Into Soft Assets: Valuing Existing Staff
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