The for-profit education industry is one poised for pretty constant growth, but there are recent challenges. In-person education comes with both risks and restrictions, but there are some bright sides. Training for essential and in-demand industries has increased and continues with some modifications. The evolution to distance learning, while impacting short term profits, can make education more profitable in the long run.
The education industry grows at a pretty constant rate. Training for essential services and trades never slows or stops completely. The switch to online learning and distance education means not only greater long term profit potential, but a larger pool to pull from for enrollment.
That’s the most important factor. Your education business is largely dependent on enrollment and student demand. You can increase this demand from marketing efforts and curriculum expansion. If you train workers for a business deemed essential, and your school is thriving, now may be a great time to sell.
Selling in this business is largely driven by mergers and strategic acquisitions. This means you should always run your business like it is for sale right now. You never know when an offer will come along, and you need to be prepared. And remember, exit planning takes time. Even if you want to exit your business in the next three to five years, you need to start planning sooner rather than later. That means starting with a business valuation.
If you are, we’re here to help you. At Rogerson Business Services, we bring years of experience selling businesses in this niche to the table. We know what challenges you will face and how to overcome them. From doing a business valuation so you know what your business is really worth to the final handoff of the keys to a new owner, we’ll be here for you. We want to be your California business broker.
Selling a business in the education industry in California can be a bit tricky, but don’t worry. We have the experience selling this type of business to help you through every step of the process. We’ve done this before, and we can help you manage any of the challenges you may have to navigate.
When selling an education business in California, often one of the keys is the negotiation of your lease if you don’t own the property your business is on. Will your landlord be willing to transfer the lease to a new owner? Will there be fees, and will that person need to go through a vetting and qualification process? These are all great questions.
You can know the answers to those questions and more before you even start the selling process. But just as important is finding a buyer who is qualified, which means they need to be able to finance your business. This starts with a certified business valuation, the type that can be used by a lender, and to vet the buyer to be sure they can obtain the financing they will need.
Does selling a business in California sound complicated? It doesn’t have to be. At Rogerson Business services, we’re here to help. Contact us today!