When selling a childcare business in Kings Cross, you want to get the optimum return, whilst also navigating around the fairly complex legal regulations. Furthermore, many childcare business owners want to make sure that the new owner is going to continue their legacy of providing high quality childcare.
When selling a childcare business in Kings Cross, or any suburb of The Eastern Suburbs, you will face legal and regulatory challenges. First and foremost, you must be aware of the zoning of your own business’s land, and the surrounding street and area. If the zoning of your land has changed since the time that you acquired the business, then this will affect whether, or in what way you can sell your childcare business to a new owner. Furthermore, if your surroundings are zoned to allow high density buildings, then this will affect whether the future demand for childcare in this area will be lower (with high density industrial) or higher (with high density residential). But these are just a few examples of the many possible implications of your Local Council’s regulations. There are also State and Federal regulations, but these are better addressed by someone with experience in selling businesses in The Eastern Suburbs.
Furthermore, there is the market for childcare businesses in Kings Cross that will need to be fully understood in order to optimise the outcome of your sale. The current state of the childcare business market in Kings Cross is neither superb nor dismal – it varies from one street to the next. Where your childcare business is located in relation to other childcare businesses is one of the largest factors that relate to this.
As a childcare business owner, you will have a deep understanding of your business position and local area, but you can’t be expected to have a deep understanding of your entire market, market history, regulations, and laws at all levels of government, as well as the negotiation and settlement process. To optimise the outcome of your childcare business sale, we recommend using a professional broker.
Our people are among the most experienced and respected business brokers in the industry. It’s no wonder we’re Australia’s fastest growing brokerage.
When you choose to work with ABBA, whether you’re in the negotiation phase, the settlement process, or any other stage in the selling process, we will work hard to optimise your outcomes. Working with us will offer you the following benefits:
Talking to an expert from ABBA Group can be invaluable and will help you maximise the sale price of your childcare business. Our professionals have experience in the childcare sector and can advise on the best strategy for the sale of your business. To request your free consultation, please contact us below: