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Blog
2015-08-17
Like many of you, I've had a number of summer jobs going to university. One of them included working for a construction firm building houses. I don't claim to be a great carpenter, but one adage a foreman shared with me always stuck - 'measure twice and cut once'. This same ethos applies to organizations considering starting new programs or even new schools. You need to envision what you want to build and then measure market demand for your new entity and costs/resources associated with its development in a detailed business plan before you move forward (and begin the cutting).However, on too
2015-08-17
Our firm has worked with for-profit and non-profit schools around the globe and recognize that high performing schools have a number of key attributes in place. Though some of the parameters of the two models may vary, our belief is that a sound school will be grounded by four cornerstones:
One of the key attributes of successful schools is a board that can effectively govern their school and one that understands their role and responsibilities within the oversight of their institution in partnership with senior leadership. Providing oversight for an organization should not vary whether the
2015-08-17
Halladay Education Group ("HEG") is pleased to announce the sale of Sol Schools International to Australia-based Holmes Group. Halladay Education Group (HEG) acted as the M&A advisor for the school’s ownership. HEG is a leading M&A advisory firm specializing exclusively with advising school owners with the sale of private schools in North America, and is pleased to announce the successful closing of one of its advisory engagements with the owners the Sol Schools. Located in Canada and USA, Sol Schools International owns and operates four distinguished language schools in Toronto,
2015-08-17
Our Client is selling their thriving fully-accredited Private For-Profit Preschool to Gr. 8 Prep School in the highly coveted Southern California market. With a unique integration of technology, global curriculum, and values-based learning model, this school stands out as an outstanding institution. The school operates within updated, purpose-built facilities with all the amenities. It has I-20 visa approval through SEVIS and current facilities handle up to 500 students. There is enough room to add a high school and dorms. Our client recently reinvested in the campus resulting in immediate
2015-08-17
One of the critical blunders we see time-and-again with start-ups is that fact that founders haven't developed a detailed enough strategic business plan from pre-formation to operation over a five to seven year timeline to adequately determine whether: (1). The school is feasible in that particular market based on its program/operation/finance benchmarks; and (2) They've adequate capital to cover the initial cash-flow shortfall in the first two to three years of operation until they reach their break-even point.Our rule of thumb when establishing a school is: it needs to break-even within 24-
