Ready to buy a child care center? Here's how you can do it smartly:
SBA Loan: Secure a Small Business Administration loan with only 10% down.
Purchase Price: Find a child care center in El Paso for $200,000.
Down Payment: Put down approximately $20,000.
Debt: You'll take on $180,000 in debt.
Cash Flow Management: Ensure your cash flow covers the $4,200 monthly debt payments.
Leftover Funds: You'll still have $61,000 after debt payments.
Be aware of potential red flags like inconsistent cash flow numbers and consider your ability to manage the center remotely and your liking for the El Paso market.
Leverage your expert team, including your accountant, lawyer, equity partner, and possibly a due diligence company, to underwrite the deal.
Purchase the business, learn from the staff, and explore expansion opportunities.
Join us on the podcast as we delve deeper into the key considerations for acquiring a child care center and ensuring its success.
*Why the cash flow disparity? *Is remote management feasible? *Expansion potential and lessons from experienced operators Analyzing the waiting list and marketing strategies
Join The New 1% soft launch team at workwithtimmydouglas.com
This is for the people looking to buy a business at some point, but not in the next 12-24 months.
The impact here is in spreading the word until you can commit to doing the work
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If you’re looking to buy a business in the next 12 months, DM me @timdouglas924 on IG and join the hard core launch team, limited to 100 people! We only take 5 per month… so hurry and DM to join the waitlist Here you’ll get the following for FREE
access to a list of Private money partners for buying businesses that I’m building
a due diligence checklist
a community of people committed to buying businesses
essential contacts in major cities for due diligence
FREE Courses on how I would do my proprietary search and build my private money partner list.