October 23, 2024
State Approval Simplified: How to Get Your University Licensed Fast
Buy A University
We guide you through each step, from analyzing your niche market and shortlisting ideal institutions to completing the final due diligence steps before your purchase.
We provide the licensing and accreditation needed to establish a new university and offer comprehensive guidance throughout the process.
This involves helping our clients understand all the legal and financial requirements around university establishment, as well as providing marketing and branding advice to ensure their university or college stands out from other educational institutions.
Our competitors can only offer a limited service, either licensing or accreditation, as most don't have the skills or team required to provide a turnkey service. This is why EEC stands out from the crowd – we can offer our clients everything they need to get their university off the ground easily and efficiently.
This involves helping our clients understand all the legal and financial requirements around university establishment, as well as providing marketing and branding advice to ensure their university or college stands out from other educational institutions.
Our competitors can only offer a limited service, either licensing or accreditation, as most don't have the skills or team required to provide a turnkey service. This is why EEC stands out from the crowd – we can offer our clients everything they need to get their university off the ground easily and efficiently.
We aim to provide a complete service that will give our clients every chance of success when setting up their university. With EEC, you get a complete package of expertise and support for your university startup project.
At EEC we're looking at building a long-term relationship with our clients, where launching a university is only the first step.
We are confident that no other company can match our team of experts and their specialized knowledge.
At EEC we're looking at building a long-term relationship with our clients, where launching a university is only the first step.
We are confident that no other company can match our team of experts and their specialized knowledge.
With a wealth of experience, expertise, and a proven track record in the higher education industry, we guarantee a strategic and streamlined approach to purchasing a university that meets your objectives.
After onboarding a client seeking to buy a university, here's a glimpse of the comprehensive process we follow:
After onboarding a client seeking to buy a university, here's a glimpse of the comprehensive process we follow:
Step 1: Locating The University For Sale
Conducting Market Analysis
Performing A Comprehensive Market Scan:
We conduct an extensive scan of your niche market to identify trends, opportunities, and universities for sale.
Defining Criteria:
Working alongside you, we establish a set of criteria for the potential university, considering factors like size, location, accreditation, academic reputation, and financial health.
Tapping Into Market Dynamics:
We analyze your educational market by studying demand, pricing trends, and the regulatory environment. This provides a solid foundation for your potential purchase.
Discovering Your Ideal University
Leveraging Our Specialized Network:
Using our broad connections, we discover opportunities not publicly listed, by reaching out to contacts in the education sector.
Exploring Unique Opportunities:
We use various dedicated tools and platforms, attend industry conferences, and stay updated on industry news to identify universities that are the right fit for you on the market.
Shortlisting Universities:
Based on established criteria and market analysis, we put together a list of potential universities for sale. We then continuously refine this list through ongoing consultations with you.
Conducting An Initial Evaluation
Performing A Financial Analysis:
We perform a preliminary financial review of the shortlisted institutions to assess their fiscal health.
Ensuring Compatibility:
We evaluate how well each potential university aligns with your strategic goals, vision and mission.
Assessing Risks:
We identify potential risks associated with each shortlisted university, including accreditation issues and legal disputes.
Initial Reporting:
We provide you with an initial assessment report for each shortlisted university, summarizing our findings and offering recommendations.
Step 2: Working With A Local Business Broker
Evaluating Brokers:
We conduct a thorough search to find and assess experienced local business brokers in the education sector.
Managing Broker Communication:
We take full ownership of all communication with the broker, negotiating terms and ensuring they understand your specific criteria, needs and goals.
Ensuring Due Diligence:
We closely collaborate with the broker to obtain detailed financial records and essential documents, typically accessible only through local channels.
Leveraging Local Knowledge:
We use the broker's expertise in the local market to get a better understanding of the shortlisted university's reputation and the regulatory environment in the region.
Negotiating Terms:
Using the broker's expertise, we develop effective negotiation strategies to secure the best terms and price for the purchase.
Continuous Communication:
We maintain regular contact with the local broker, to ensure your acquisition strategy and timeline are aligned and up-to-date.
Post-Purchase Services:
After your successful purchase, we work together with the broker to ensure the smooth execution of post-sale agreements.
Step 3: Ensuring Due Diligence
Compliance with State Authorization
Review of State Authorization:
We review the authorization status of the institution in each state of its operations.
Evaluation of Compliance with State Educational Standards:
We conduct an extensive examination of the institution's compliance with educational standards and requirements.
Review of Penalties or Citations Issued by the State:
We closely examine any penalties or sanctions imposed by state authorities.
Evaluation of Participation in Multi-State Authorization Reciprocity Agreements (NC-SARA):
We review the university’s participation in NC-SARA, and we assess compliance with its conditions.
Keeping Track of Updates:
We stay updated on state authorization changes that may affect the institution.
Consultation on State Authorization Strategy:
We provide you with ongoing recommendations to enhance and maintain the university’s state authorizations.
Academic Due Diligence
Review of the Accreditation Status and Academic Programs:
We evaluate the institution's accreditation status and review its academic programs.
Review of Faculty Qualifications and Student Satisfaction:
We evaluate faculty qualifications and carry out surveys to assess student satisfaction.
Evaluation of Partnerships:
We evaluate current partnerships with other universities and explore possibilities for new collaborations.
Operational Due Diligence
Assessment of Operational Effectiveness:
We review operations, technology, infrastructure, organizational structure, and staffing to identify areas for improvement.
Financial Due Diligence
Review of Financial Statements:
We perform a thorough examination of the university’s financial well-being, including an analysis of its assets and liabilities.
Review of Financial Controls and Procedures:
We evaluate the financial control environment of the university and ensure compliance with statutory requirements.
Legal Due Diligence
Review of Legal Disputes and Claims:
We perform an extensive investigation of all legal matters involving the institution to assess potential risks and liabilities.
Compliance with Laws and Regulations:
We confirm the university’s compliance with all applicable laws and regulations.
Contractual Obligations and Agreements:
We review major contracts and agreements to understand the university’s obligations and liabilities.
SEVP I-17 Application Status and SEVIS Good Standing Review (if Applicable)
Review of SEVP I-17 Petition Status:
We confirm the institution's SEVP I-17 petition status, ensuring it’s in good standing.
SEVIS Compliance Verification:
We thoroughly review the institution’s compliance with SEVIS reporting requirements.
Accreditation Verification (if Applicable)
Verification of Accreditation Status:
We review the institution's current accreditation standing with recognized accrediting bodies.
Review of Accreditation Standards Compliance:
We evaluate the institution's long-term compliance with accrediting standards.
At EEC, we're here to guide you on an exciting journey to buy the university of your dreams. Our expert team ensures you're well-prepared and informed every step of the way.
Ready to turn your vision into reality? Contact us today and begin your journey towards purchasing a university that perfectly aligns with your strategic goals, vision and values.
