Kids Depot Childcare Center
Established in 1997 this well-run and reputable child care center, ideally located inside Loop 610 in Houston, was sold by owners Donald and Eileen Scallan (pictured at left) to Maria Cordoba Algara (pictured center right) this month. Maria, with an MBA and an undergraduate degree in marketing, is moving from Mexico with her husband to embark on her new child care empire. She plans to keep the current director on board through 2013 while she obtains her own director's license. Not only will she will be expanding the current center, she aims to open five other locations in the future.
As for the former owners, they couldn't be happier knowing that Maria will build upon the business they created. And, even more, they are excited about embarking on their new venture......retirement
Rose Stabler listed the business and Marcia Bowron (pictured at right) sold it.
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Add Value to Your Business - Get Out of the Way (Inc.com)
 No one will pay big bucks for your company if the business operates with a DIY business owner at the helm and they don't believe it can run without you. Here's how to show it can.
When you started your business, the chances are pretty good that someone handed you a copy of Michael Gerber's The E-Myth and said, "Read this." Ever since, you have appreciated the importance of building systems into your business so that it can run without you. But there is another benefit to systematizing your business and documenting your processes: It will help you get paid more when you're ready to cash out.
Yes, your systems will help you scale up, but the hidden reason to focus on systems has nothing to do with running your business. Instead, it has everything to do with being able to make a clean break when you're ready to hit the eject button.
Read This Article on Inc.com
Our article on this subject: A Business For Sale is More Valuable When the Owner is Replaceable |
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Buying a Small Business? Good Deals Out There
 (BusinessNewsDaily)
Deals are out there for entrepreneurs looking to buy established small businesses, a new study finds.
Research from Pepperdine University's Graziadio School of Business and Management, the International Business Brokers Association (IBBA) and M&A Source finds that 70 percent of business brokers believe it's a buyers market for businesses valued under $2 million.
The research shows that for larger businesses, the market is neutral or favorable to sellers.
The study revealed that retirement, burn out and looking to pursue a new opportunity are the top reasons business owners are looking to sell, with unsolicited offers and tax increases also motivating factors.
The research found that the hottest-selling businesses in the $1 to $2 million range were manufacturing companies. Other popular businesses being sold include those in the health care, biotech, construction and engineering industries.
"The survey is showing a diverse array of businesses valued at more than $1 million are selling," Paglia said. "With manufacturing leading the upward trend, this may be a significant sign of impending economic growth of the upper segment of the Main Street business sector."
The study shows that the smaller the business, the quicker sellers were able to close a deal. Nearly 80 percent of small business deals closed in fewer than 7 months. As deal size increased, so did the time it took to complete the transaction, with 84 percent of the deals in the $2 to $5 million range taking nearly a year to close.
The study was based on surveys of 162 business brokers from around the country. |
Ask the experts section
Question: One of the most frequently asked questions that restaurant owners ask us is: "How important is the lease in getting a deal done?"
And one of the first questions buyers ask us is: "What about the Lease?"
Answer: The Restaurant / Food and Beverage Industry is one of the largest industries in Texas and we sell more restaurants in Texas than anyone else. Location and the lease are two of the key factors that impact a restaurant's value and can make or break a deal.
As members of the Texas Restaurant Association, we recommend the Association's free webinar, "Leasing Do's and Don'ts for Restaurant Tenants," which includes such topics as "manage lease assignments when buying or selling a restaurant."
The presentation is scheduled at 2PM on October 3, 2012.
Register for the free webinar at Texas Restaurant Association website here:
http://restaurantville.com/news/news/435-leasing-restaurants
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