How Do I Sell My Senior Care Business?
With an aging population, senior care businesses are a hot commodity. There are a lot of options if you want to sell your senior care business. Perhaps it is a business that you have worked at for a long time, and you want to leave the business in good hands and at the same time get a price that you can retire comfortably on. You probably have a lot of questions on how to sell your eldercare company.
Fortunately, Synergy Business Brokers has experience selling senior care companies and can guide you through the process.
Business Brokers with Experience Selling Senior Care Businesses
We have over 30,000 potential buyers that are interested in purchasing businesses such as:
- Homecare Companies
- Assisted Living Residences
- Adult Foster Care Homes
- Independent Living Facilities
- Nursing Homes
- Medical Practices
- Physical Therapy Groups
- Medical Testing Facilities
- Senior Transportation
- Alzheimer's Treatment
- Nurse Practitioners
- Hospice Care
- Neurologist Practices
- Home Visitation Practices
What is the process for Selling an Eldercare Business?
It all starts with a confidential consultation. We'll learn about your Senior Care business, including what types of services you provide, clients you have, and the skills of your staff. Next, we'll get a little more detailed on your financial information so that we can give you an estimate of how much you can expect to get for your senior care business.
There is no fee for our services until your company is sold, so we only accept assignments where we feel that we can be successful. This aligns our goals with your goal of selling your eldercare business. We keep the sale of your business confidential, requiring potential buyers to sign a confidentiality agreement. Then we'll screen buyers before we introduce them to you.
We introduce multiple buyers so that you can decide which ones you feel comfortable with to take over your business. After an initial meeting and answering questions, if both parties are interested, the buyer will typically make an offer. With demand for senior care businesses being strong, we are usually able to get multiple offers. This provides the most leverage to negotiate price and terms.
Mergers & Acquisitions in Eldercare
With the Eldercare market growing at almost 4% annually, many investors want to enter the Senior Care industry. The types of buyers for senior care businesses include private equity groups, entrepreneurs, doctors, and hospitals. In addition, many companies that are already in the senior care business are growing by acquiring other companies. In some cases, companies acquire a competitor in the same market, and in other cases, they expand geographically through acquisition. Some companies will acquire a company in a similar space, such as an assisted living business acquiring a foster care company or homecare business. This allows them to provide a larger suite of services to families as their needs change.
Synergy Business Brokers has access to all of these types of buyers and can guide you through what can be a complex sales process to determine which buyers are the best ones to work with to buy your business. Many of these buyers are sophisticated, so we'll help you understand the terms of what they are offering, and you can decide which one will be the best fit for you. If you are looking to buy a senior care business please view our senior care businesses for sale.
Contact Synergy Business Brokers
We are here to answer your questions confidentially and help you determine whether you are ready to have us start the process of selling your eldercare business. We sell profitable senior care businesses with annual revenues between $700,000 and $70 million. To get started, please fill out our quick online form. We'll contact you to discuss your options.