Frequently Asked Questions

Do you act as the broker for the buyer or the seller?

This completely depends upon the situation. Generally, we act for the buyer, however, there are many times when a seller requires our assistance.

Is it wise to get a second opinion?

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. 

Can I get an appraisal if I'm not interested in selling?

Yes. There will most likely come a time when the appraisal will help you and provide surprising value. It gives you an idea about what the market is paying and empowers you to make more informed decisions in the future.

How long does it take to receive an offer?

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. Please email us at seancollins@collinsacq.com.au for a list of requirements.

What are the main criteria for valuing my business?

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.

How long does the whole process take?

Assuming we have all the information required and we have an agreement on price, the process can be as quick as 60 days. Several external factors can significantly influence time to settlement including input from government departments, local authorities and landlords.

What is usually expected of the staff if I sell?

Our clients retain ALL employees but you may be asked to adjust for the accrued annual, sick and long service leave at settlement.

Is my information kept confidential?

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.

Get a free appraisal for your centre today