Selling Your Child Care Business (First in a Two-Part Series) - Laying the Foundation

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Editor's Note: In researching for an article on how to determine the value of your child care business, we realized that what we needed were two articles. Not only did we need to address how to determine the selling price of your business, but also how to prepare organizationally and emotionally for the selling process.

In addressing the latter point, we reviewed an article written by Keith Stephens based on his successful experience in selling his child care business, Palo Alto Preschools. We discovered that his advice is as helpful today as it was when we published it in our September 1986 issue.

So, in this issue, we are reprinting Keith's article with some insights from current buyers and sellers inserted. In the next issue, we will publish the article on how to calculate the dollar value of your business.

The time to prepare for the sale of your business is now. ...