COVID-19 has disturbed many things in the Child Care Industry.  As child care owners begin to recover from being closed and lower enrollments, many are starting to refocus on the future. Before COVID-19, many child care owners had their Exit Strategy in place and looked forward to the day they planned to retire. Now, child care owners are asking, “What adjustments do I need to make to my Exit Strategy?” Most wonder how much their child care business is worth and how long it will take to rebuild their business and its value.

Although there is an increased interest in Exit Planning due to COVID-19, Child Care Owners should always be involved in the strategic planning of their exit from their child care business. This Exit Planning Roadmap will provide in-depth information, actionable steps, and guidance to help you prepare for your exit from your child care business and, equally importantly, prepare for life after exiting your business.

Family Succession Planning

Most business owners have a large portion of their net worth tied up in their business. The same is true for the owners of child care businesses. It is estimated that their business represents 50% to 80% of their net worth. Child Care owners are often planning to fund a substantial portion of their retirement from the proceeds of selling their child care business. Therefore, understanding the current value of their child care business is an important part of implementing changes designed to increase its value.