3-Site Beautiful Seattle Area Sale
Hinge is pleased to announce the sale of a three-site operation in the Seattle/Tacoma market. DuPont Learning Center and Lacey Learning Centers were sold on behalf of our client Sherry Helton to a national operator after arranging the sale of the business and a lease of three buildings, and the transfer of over 100 staff members and 450 students.
By the time Sherry decided to sell, she had three school buildings that she owned, state-wide recognition of her outstanding program, and two other sites under development. Although she had previously sold one of her other small schools by herself, she recognized that the size and magnitude of her three-site portfolio would command best pricing and execution with the assistance of Hinge.
Hinge prepared an extensive analysis of her financial metrics recommending creative approaches for marketing to potential buyers. Since the client did not want to sell the buildings, but instead preferred to lease to the buyer, Hinge spent considerable time creating a lease template that all potential bidders were obligated to review and observe in their bids for the business operations.
Sherry graciously shared the following with our team: “Working with Hingeon the sale of my 3 centers was a great experience. It is not easy to part with something that you have put your heart and soul into, but working with the folks at Hinge made it easier. The assistance Carrie provided to me on the overwhelmingly long list of due diligence requests was immensely helpful. She was so thorough and just amazing to work with. Mike was always very prompt to respond to any question or "crisis" that I had along the way. He provided a level of expertise that is rarely seen from brokers today, not only with the sale of my business, but with the leasing of my buildings. I would recommend Hinge to anyone looking for a friendly, professional, and knowledgeable team.”