SeniorCareMike
Helping Assisted Living Owners Start and Succeed
We received this question via LinkedIn, and it's another FAQ. And it often goes deeper into how to structure a lease for an assisted living facility or how to finance a purchase. We'll go deeper …
Continue Reading about FAQ: I’m getting started – should I lease or own? →
Is it true that you need to be licensed before applying for a business loan for opening a care facility? No. You should be able to apply for a loan in anticipation of being licensed. However, it's …
Continue Reading about FAQ: Applying for business loans when opening a facility →
When you're starting up your assisted living facility, there are many things to consider so that you don't run into problems later. As Fran said in her recent question, she wants to "have all my …
Continue Reading about FAQ: Should I Hire a Payroll Company? →
When you're selling your assisted living facility, there are many steps in the process. Once you have reached an agreement with a buyer, there is a long list of others who may need to visit your …
Continue Reading about Selling Your Assisted Living Facility? Expect Some Visitors →
This is a quick answer to a frequently asked question from ALF sellers. "Who receives the money earned on closing day: buyer or seller?" As we get closer to closing the sale of …
Continue Reading about Who Receives the Revenue Earned on Closing Day? →
This is a quick answer to a frequently asked question from ALF sellers. "When I close on my sale, does the buyer keep the cash in my business bank account?" While many assisted …
Continue Reading about Who Keeps The Cash on Hand When I Sell My ALF? →
