At SeniorCareMike, I try to answer questions from readers. Those questions vary widely and cover topics like buying an assisted living facility (ALF), selling an ALF, investing in ALFs, developing, converting single-family homes, managing and operating ALFs, and more.
Please, keep sending those questions and I’ll keep answering them.
But today, I’m launching a series of blog posts on the topic of selling your assisted living facility.
Over the next several weeks, I’ll take you along with me as I revisit a number of past deals. You will read about the reasons people sell, how sellers prepare for a sale, how they set an asking price, how they keep a sale confidential, when they notify staff and residents, what they do after a sale is complete, and much, much more. You’ll read the details from a seller’s point of view, along with plenty of insights that buyers will find helpful, too.
(If you’re one of my past clients, don’t worry. This isn’t a tell-all. There will be no real names and most stories will be an amalgamation of past deals.)
Selling assisted living facilities is probably the topic I’m most familiar with after buying and selling a few dozen of my own facilities and helping clients sell a few hundred more over the past few decades. So it’s time to get down to the details and help some of you readers that are selling or will sell in the future. Please join me for this series and read on about Road Signs – Spotting The Signs That It’s Time to Sell.