How to Sell An Assisted Living Facility

The assisted living market is preparing for continued growth as Baby Boomers are getting older and seeking new living arrangements. In 2022, the market was valued at 91.8 billion, a number that is expected to grow at a rate of about 5% between 2023 to 2030. With big changes coming to the industry, now is a great time to consider selling a facility. Although senior care has been around for a long time, it’s important to work with a team who understands the market and has your best interests in mind. 
Sherman & Roylance co-founder Shep Roylance and the rest of our team have been in the senior care business for decades, representing both buyers and sellers of a wide range of facilities. When it comes to selling an assisted living facility, we understand the intricacies of the transaction and will work closely with you to ensure the highest price possible. With the market on a highly-anticipated growth trajectory, this is a great opportunity to confidentially discuss your options with our team. 

How to Determine the Value of An Assisted Living Facility 

Before selling an assisted living facility, it’s important to understand the value of your facility, the market, and what potential buyers are likely to pay. As a general rule of thumb, the more services you can offer, the better. So, when thinking about whether now is the time to sell your property, a great place to start is by considering the following questions to help determine the value:  
  • What growth trends are impacting the market?
  • How was your sales volume last year?
  • What was your profit?
  • What are some of the new factors driving sales and supporting business growth?
  • What does the market look like in your area?
  • What is your position in the market?
When a potential buyer starts thinking about purchasing an assisted living facility or other senior living community, they will likely start by determining what the rate of return on their investment will be. To show prospective buyers that your facility is a good investment and the risk is low, it will be important to present the key performance indicators and any other factors that will help them understand the potential profit and sales. This can be challenging, which is where one of our experienced brokers will come in. Once you have a better idea of the value of your facility and an understanding of what buyers are likely to pay, it will be much easier to move forward with the sale. 
The number of Americans over the age of 65 is expected to reach 95 million by 2060, which is near twice the 52 million there were in 2018. With this in mind, senior housing investment opportunities will undoubtedly continue to grow and evolve along with the population. Don’t hesitate to reach out and schedule an appointment with a Sherman & Roylance team member today to discuss selling, buying, or investing in an assisted living property.