There are several approaches to value, as we’ve written about in the past. One approach that can be dangerous is simply multiplying the number of units times the price per unit that you saw for another property. The price per bed or unit won’t determine the facility's value, it’s just one of the measures that results from the valuation. While the price per unit or price per bed isn’t a good way to determine value, it can be a useful benchmark when comparing similar properties. But that raises another question: … [Read more...]
How Long Does it Take to Sell My Assisted Living Facility?
The most frequent question we receive at Senior Care Realty is what's my property worth? The next most frequent has to be how long does it take to sell? Let's face it. Selling an assisted living facility or any kind of property or business can be a lot of work. The mental drain that comes from the ups and downs can be the greatest challenge. So everyone who decides to sell wants their facility sold now. But it takes some time. Every sale is different. Some will take 90 days and others might take years. In … [Read more...]
What’s the Value of Your Assisted Living Facility
If you are like many assisted living owners, there will come a time to sell the business. Perhaps you are ready to retire, or it may be time to move on to another type of business venture. Whatever the case, when it comes to selling your facility, you want to command the highest possible selling price and you certainly do not want to leave money on the table. But, how do you determine a price that guarantees a good return on your investment, yet is reasonable enough to attract a buyer? Unfortunately, it’s … [Read more...]