Firstly let me being by saying that everything was going very well. Cash-flow was well managed. Receivables were always current with the occasional non-payer, and the occasional payment agreement for struggling parents. Secondly expenses were managed very closely, and the daycare was very profitable, my family and I had invested 500k and borrowed 800k and we were all eating very well from our investment. This included my father and mother, myself, my wife and kids.
● The daycare property was evaluated at $1,100,000 by a recognized evaluator. ● We . . .
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