Now is a great time to sell your education center. The industry is thriving, so there will likely be many potential buyers for your business.
A Gallup Poll survey conducted in August 2017 showed that Americans rate private education centers significantly higher than other types of schools.
The survey of 1,017 US adults aged 18 and older found that 71% of participants regarded independent education centers as excellent or good, while 63% gave the same rating to parochial or church-related schools. Charter schools received excellent or good ratings from 55% of American adults; home schools from 46%, and public schools from 44%.
At the same time, the revenue of private education centers has been growing incrementally beginning in 2009, when it was $53.73 billion, to 2014 when it was $54 billion.
According to the US Department of Education, as of fall 2013, there were an estimated 33,619 private elementary and secondary education centers with 4,576,410 students and 441,496 full-time equivalent teachers. These estimates include schools for which kindergarten is the highest grade.
Considering these impressive numbers, the current trend toward owning or selling a successful education center seems to offer an excellent income. If you are selling your education center, a professional business broker can help you find qualified buyers that may make the best candidates financially and may offer more money for your business. Brokers do this as part of their sales process, which includes providing an estimate of the value of your private school, listing the education center for sale, finding qualifying buyers, interviewing buyers, writing contracts, conducting due diligence, and finally, overseeing the closing process.
Many company owners who try to sell their education centers without the help of a professional business broker find it difficult – if not impossible – to keep the potential sale confidential. Virtually all business sellers don’t want their employees, customers (in this case, students) or vendors to know that their business is for sale, so confidentially listing the business is essential.
However, total confidentiality and much more is achievable when you use a qualified and professional business broker to sell your private school. Transworld Business Advisors of Houston is that and more. Transworld provides a host of benefits as you go through the complex process of selling your education center, including, keeping the sale confidential; offering access to thousands of buyers; creating competition for your education center sale; offering a vast internal marketplace for education center sales; establishing the right selling price; and using a worldwide network to advertise your education center.
Transworld Business Advisors of Houston also spends more money on advertising than anyone in the business broker industry. Additionally, our team maximizes the selling price of your education center and works hard to obtain the best deal for your education center.
First, you need to understand what your business is worth within the context of the current retail industry. Determining an estimate of value for your education center will require you to gather several important financial documents for your business, including but not limited to:
- Company credit report
- Inventory schedule
- Accounts receivable & payable
- Schedule of all indebtedness and contingent liabilities
- Schedule of fixed assets
- All equipment leases
- List of the company’s business locations
- Copies of real estate leases, deeds, mortgages, title policies and surveys
- Copies of patents and trademark information
You will likely find it important to work alongside an accountant and a lawyer as you prepare for the sale of your business. Consider calling Transworld Business Advisors of Houston. Many education center sellers choose Transworld Business Advisors of Houston as their business brokers to help them achieve the highest and best possible price for their business while taking the least amount of their time away from their company. They know that as a business owner, your time is more valuable when invested in continuing to run your business. In order to achieve the best price, your company must continue to grow. After all, that is what a prospective buyer will be looking for.
When you are ready to find the right, qualified buyer for your education center, Transworld Business Advisors of Houston is ready to help you sell for the best price.