

BayState Business Brokers sold Montessori Centre of Barrington, a school with real estate in Barrington, Rhode Island
Industry Expertise
Location
Business Broker
Situation
The long-time owner of the Montessori Centre of Barrington decided to sell the school and real estate as she prepared for retirement. The owner had actively been the face of the school for decades, and her husband worked part-time on administrative/financial tasks.
The school site included a 3,600 square foot, two-story building with weather-protected outdoor stairwells and two age-group-appropriate outdoor playgrounds. Interior areas included the director’s office, a lobby with a piano and two classrooms on each of the two floors.
BayState Business Brokers’ Approach
Molly Hanson, CFP® of BayState Business Brokers was introduced to the owner of the Montessori Centre by the school owner’s attorney. Molly quarterbacked the sales process, including the business valuation, and collaborated with a local realtor to determine the value of the associated real estate. The Montessori school and real estate were listed for sale as a package deal, and BayState worked in conjunction with the realtor.
With the entire sales process happening during the pandemic, Molly organized virtual tours for prospective qualified buyers to learn about the Montessori Centre. The business was listed on the market confidentially. Molly led BayState’s proven process to effectively market the business to targeted buyers including developing BayState’s Confidential Brief, managing the due diligence effort, keeping the owners informed and ushering the offer letter, P&S and closing.
Results
The buyers were Massachusetts residents who wanted to relocate to Rhode Island. They had teaching experience in a Montessori school in another country. In addition to facilitating out-of-state realtor coordination and buyer/seller communication, Molly referred the buyers to a lender, who helped them secure the financing.
The buyers and sellers coordinated frequently for a collaborative, well-organized transition. The staff and students’ families were informed of the ownership transition before closing – and that helped significantly from a licensing perspective, while also maintaining morale and continuity for the children and school community.
Case Studies

Account Matters, Inc. – Sale successfully brokered via auction process to a strategic buyer as a platform investment

Wholesale / Retail Appliance Business: BayState Business Brokers completes deal to sell an appliance retail business to an online buyer.

Managed IT Services Provider – Virtual business with diverse revenue streams and client base sold to individual buyer

MedWell Health and Wellness Centers – Medical Marijuana Certification Business serving the MA, RI and FL markets sold to industry buyer

Niche Manufacturer – BayState Business Brokers successfully brokered the sale of Federal-Fabrics-Fibers Inc. to industry buyer, HDT Global

Successfully brokered sale of plumbing business in Wilmington, MA to an industry buyer in North Andover

Amada Senior Care Franchise – Industry Buyer Acquires High-Performing, Professional Home Health Care Business

Trailer Manufacturer: Sold legacy, family owned trailer manufacturer in Plymouth, MA successfully overcoming several hurdles

BayState Business Brokers sold a plumbing and HVAC business located on the South Shore of Massachusetts

BayState Business Brokers sold Montessori Centre of Barrington, a school with real estate in Barrington, Rhode Island

Busa Wine and Spirits: Sale of a multi-generational family-owned business with four liquor stores in Lexington, Woburn and Salem, MA

E-Commerce Third-Party Logistics (3PL) Business that Stores, Sells and Ships Products from Fulfillment and Distribution Center at 40,000 SF Warehouse

James A. Tomolo, Jr. Certified Public Accountant: Quick and Effective Sale of a Thriving CPA Practice

Landscaping Company: Sale of This Business Enabled Owner and Buyer to Pursue their Desired Career Path
