Small Business: Industry: Education & child care
Your true net profit is the number that potential buyers will want to know.
Susie Pemberton, Centralia, Mo.
I live in a small town and own a child care facility. My gross income in 2008 was $126,134. Someone’s interested in buying it, and they’re waiting for me to give them a price. I understand that I need to “adjust” my expense report for 2008, but I’m not sure what to use for a multiplier. I’ve been in business for six years, and can see room for expansion in the future. How do I name my price?
To rent out empty rooms, turn to local media and Craigslist.
Sherri Birdsall, Gensis Medical Education Consultants, Orange, Calif.
I work for a business that teaches continuing-education courses for nurses in Orange, Calif. Most of our classes are conducted on weekends, which means two beautiful classrooms sit completely unused most of the week. I’d like to rent them out to bring in extra money. Any suggestions on where to start?
Reader Claire wants to sell her piano school. Do you have any advice for Claire? Share it here.
Have you ever invested in a friend's company? Tell us about it.
Rita asked FSB's advice on how to market to college students. Do you know other ways Rita can market to college students?
Agnes wants to expand her business to the U.K. market. Have you recently expanded your business overseas? Can you offer Agnes helpful resources?
Arthur Johnson is trying to speed the sale of his family's educational nonprofit. Have you managed a nonprofit sale? What was your experience?
Ursula Thompson is looking for tips for expanding her daycare businesses's client base. What strategies have worked for you?
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