How to Sell an Assisted Living Facility
The Assisted Living Industry in the US is valued at over $80 Billion and is expected to grow at over 5%/year. If you are considering selling your assisted living facility, now would be a good time. There are plenty of potential buyers, including public health care companies, private investment firms, wealthy doctors, entrepreneurs, and other Senior Care businesses.
But, what is the best way to go about selling your assisted living business? Synergy Business Brokers has experience selling Senior Care businesses. We offer a free, confidential consultation and can discuss your options.
And, we can talk with you about our 15 Step sales process designed to sell your business efficiently and confidentially at the best price and terms. And like most of our clients, you probably want a buyer that you feel comfortable with to take over your business that will treat your staff and employees well.
Award-Winning Business Brokers with Senior Care Experience
Synergy Business Brokers has won a number of awards for one of the Best Brokers in the United States. With over 30,000 potential buyers to choose from, we'll narrow down the ones that are most likely to buy your business. We work closely with you to introduce the buyers that have been qualified and are someone that you are likely to want to work with based on what you've told us about your goals.
We'll want to get some information about your business to market it to the right buyers interested in what you have to offer. During our conversations with you, we'll find out:
- What types of services do you provide
- Whether or not you own the real estate
- The skills of your staff
- Do you have multiple facilities
- Do you provide medical services?
- Do you offer memory care
- Types of Insurance you accept
- What different levels of care are there?
- Annual Revenue & Profitability
- Geography your cover
- Skilled Nursing Availability
- Growth Opportunities
- Challenges that you face
- Rates that you charge
M&A in the Assisted Living Industry
Because of the growth in the industry, there are many opportunities for Mergers & Acquisitions. Some companies in the Assisted Living Industry are growing by acquiring other companies that offer more services and an expanded geography and customer base. This allows them to build up a brand and suite of services over time.
A company that can leverage what you have to increase efficiency and profit is often a good candidate to offer the best price. However, we don't limit the sale of your assisted living business to companies within the industry. In some cases, the best offer might come from a large health care company that wants to get into the industry. Or it could come from a health care entrepreneur that is confident in their ability to expand your business. In any case, during the offer phase, we'll find out who is prepared to make the best offer and who you feel comfortable with. We'll also make a determination on their ability to finance the deal (if that is an issue) and who is most likely to close after going through due diligence.
Contact Synergy Business Brokers
To get started with selling your assisted living, contact Synergy Business Brokers for more information. We sell profitable Assisted Living Facilities with annual revenues between $700,000 and $70 million.