Retirement – selling is not the only option

Posted on January 1st, by editor in Caring Times. No Comments

By Eddy Pyatt and Peter Westley, directors of Recovery Care Ltd The care-home market appears to be picking up after a number of years in the doldrums and many question whether it is the right time to sell when the market is improving. There is also evidence that higher fees are becoming more acceptable, which helps to improve a care home¹s profitability and aids future saleability. Many care-home owners wish to retire but may not really want to sell the care home they have put their life into. For these owners, not wanting to part with their care-homes, bringing in an experienced and empathetic management company to operate the home on their behalf, is a serious option to be considered. The economics of this option are worthy of consideration. One of the simple questions to be asked is “If we sell our care home, what return would we get from investing the proceeds?” The current stock market is at one of its lowest ebbs and consequently investing in this market is only for the very brave, although pundits wou

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