Many owners of assisted living facilities own other businesses, too. Sometimes, the other business is something related, such as a home care agency or a transportation company. Sellers normally want to exit as simply and cleanly as possible. When they own multiple businesses, they often prefer to sell everything as a package. But that can be a bad idea.
Finding the right buyer for your assisted living facility can be challenging. Finding the right buyer to take on multiple businesses is very challenging.
Most buyers are searching for a specific type of business. When they find that business, anything that’s included but not necessary to the business they want becomes a surplus asset with little value to them. Sellers of multiple businesses normally receive the most value by selling each individual business to a qualified and motivated buyer for each business type.
So, our advice is to split up the pieces, go through two or more sales, and enjoy a better return from your hard work.
Posted in: Seller FAQ