Here’s the process in a nutshell.
You pay $0 until we sell your business.
Our team will manage the process of selling your private school from start
to finish. We have buyers that are actively looking to purchase private
schools from preschool through college level.
Step 1Valuation (2 days)
We learn about your business, review financials, and let you
know what the business is worth and what kind of offers
you could expect in the market. Your financials and information are 100% confidential, we even sign a NDA to guarantee that.
If we accept the school, we’ll extend you our consulting
agreement, which outlines that we only get paid when you get paid, and the agreed asking price for when we go to market. We welcome your attorney to review this and we have worked hard to make this agreement seller-friendly.
Step 3Marketing (2 weeks)
Our marketing team puts together our state-of-the-art
package for buyers. We’ve spent time perfecting what needs to be in the marketing materials and making the design the best in the industry to make it stand out.
Simultaneously with the marketing package, part of our process of setting your school up for sale is that we organize SBA 7a financing for potential buyers. We have a network of lenders for this, and it allows us to reach a much wider buyer pool.
Step 5Campaign (1-3 months)
We list your school for sale by:
All interested parties submit an offer (LOI) and you decide on the best buyer depending on price, terms, and their background. The winning buyer then gets a due diligence period (typically 60 days) to verify what we have claimed about the business.
Step 7Due Diligence
The buyer will be given an exclusive period to go through tax returns, bank statements, and operations with you to verify that the business is as claimed. Typically this process is 60 days, but it can go as fast as 30 days or as long as 90 days.
The buyer is responsible for drafting the purchase agreement. They will send a draft, and your attorney will review this to make sure you are protected. We have attorney referrals for you if you need one.
The fun part! We sign everything, and our third party escrow holds the buyers’ cash until your business assets are transferred. Then escrow wires you your funds, and the deal is closed!
After the deal closes, there is a transition period (1-3 months) where you help the new owner learn about the school, and change the accreditation, certifications, and other pertinent items from you to the new owner. We help you navigate through this transition process.
The fee ranges based on the selling price of the school and includes the business only. If you are also selling real estate, we will work closely with a local realtor in your area. Our team will ensure that your school is marketed to prospective buyers and that all the documentation needed is completed.