Selling a care home – proper planning prevents poor price

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

By Kevin Uphill, managing director, Avondale Group (business brokers) All small businesses have been affected by the increasing burden of red tape, and those in the care sector have been some of the most affected. Certainly all the training, health & safety and contract compliance costs are harder for smaller independent care businesses to afford. These burdens may well be making some owners consider selling. If so, they will want to get the maximum value for their businesses. There are some straightforward steps to achieve this through a sale ­ but the earlier an owner starts the process the better, since some steps may take a long time. Should I sell? Some industry sectors are considered “sexy” with lots of buying and selling activity, and care is one of these at present. Even though increasing red tape may make some business owners consider selling, the same issue can encourage others to buy a business to achieve “critical mass” to cope with the extra overheads. For many care home owners, their business i

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