This completely depends upon the situation. Generally, we act for the seller. However, there are many times when a buyer requires our assistance.
Based on the information we provide at our initial meeting, you may not feel inclined to seek a second opinion. But there is certainly no harm in doing so.
Yes. There will most likely come a time when the appraisal will help you and provide understanding on your centres value.
It generally takes 7 days to receive a serious offer, but it does come down to how quickly you can provide us with the requested information. We have a really simple pre-appraisal that makes the process easy.
In childcare, we look at current occupancy, revenue and wages as the determining factors of a centre’s value. Additionally, we take into account the rent and any other subsidies the centre may be receiving. Location, quality and viability are also factors.
Assuming we have all the information required and we have an agreement on price, the process can be as quick as 60-90 days. Several external factors can significantly influence time to settlement including input from government departments, local authorities and landlords.
In almost all cases it is expected that ALL employees remain in the service.
Absolutely. We have non-disclosure agreements with all of our sellers and can limit the information made available if this is a concern. We are very conscious of the need to be discreet and this doesn’t usually impact the process of the sale.