Having an exit plan in place is not an indication of your lack of confidence in being a success, on the contrary, building your business with the “end in mind” will ensure you achieve the ultimate goal in business ...
More children will get access to early childhood education (ECE) and the Coalition Government is taking financial pressure off providers, says Education Minister Chris Hipkins.
“Budget 2018 delivers the first universal cost adjustment for early learning services since 2008 when we were last in Government, plus an additional 62.5 million early learning hours over the next four years.
“For too long, early learning providers have been forced to do more with less, putting pressure on service quality and prices. We believe the young kids and parents they serve deserve better.
When selling a Childcare business where the owner also owns the property, it is common for the new business owner to try and negotiate a Right of First Refusal to purchase the property in future within the Deed of Lease.
This is a decision that should not be taken lightly. It will have future consequences that need to be carefully considered...
Given the limited supply of Childcare businesses available to purchase in the current market, we are often asked why people buy a business rather than just starting one from scratch ...
We have been involved in an increasing number of sales where the owner wants to sell the Business and retain the Land and Buildings to be a passive Landlord.
This brings up a number of questions from the Seller as to what should be in the new Lease agreement and who is responsible for what.
With the challenging bank finance situation we are currently experiencing, an effective way to achieve a sale at the best possible price, is for the seller (vendor) to help finance the sale. Vendor finance is not new, but is now being used more often to achieve a business sale.
Vendor finance is where the seller agrees to allow a buyer to pay part of the purchase price on completion of the contract and the balance payable afterwards, based on pre agreed terms and conditions.
First Impressions Count. As soon as your staff leave the centre, they promote the name and branding of your business which will help to grow your client base and attract new enquiry, ultimately growing your business.
As a Childcare Business Broker I get to see a lot of businesses each month and a broad range of financial success between them. First impressions are important and do impact on the success of the business. One area that does vary between centres is whether staff wear uniforms and how much pride they take in their presentation.
Linda Harley 
