If you own an assisted living facility and are thinking about selling, you may be wondering if now is the right time. With over 30 years of experience in the senior housing market, we’ve seen how things can change quickly. The market today is a bit different than it was a few years ago, and for some owners, it might be the perfect time to sell.
Why Now Might Be a Good Time to Sell
Here are a few reasons why you might consider selling your assisted living facility:
- Underperforming Facilities: If your facility isn’t doing as well as you’d hoped or you’re having trouble keeping residents or filling vacancies, it may be the right time to sell. Even if your facility isn’t breaking even or is facing challenges, there are still buyers who see potential in turning things around. Many investors are looking for opportunities to acquire facilities, even those that aren’t currently generating a profit. This could be an ideal time for you to cash out.
- Independent Operators Struggling: Independent operators often face challenges, such as rising labor costs and regulatory changes. If running your facility has become too overwhelming or difficult to manage, selling could offer a fresh start.
- Life Changes: Sometimes, family-run facilities or small businesses face personal changes like retirement or shifting family priorities. If managing the facility is no longer working for you, selling could help you move on without the stress.
- Strong Market Conditions: There is strong demand for senior housing, especially in secondary markets where prices are more reasonable but the demand for services is still high. If your facility has been facing difficulties, now could be a great time to sell while the market is strong. Even if your property hasn’t been breaking even, there are buyers actively seeking opportunities to invest and improve facilities.
How Can JCH Help?
At JCH Consulting Group, we specialize in helping owners sell their facilities. Whether your property is underperforming or you’re just ready to move on, we are here to help make the sale process as easy as possible. Our team has been working in this space for nearly 30 years, and we know how to get you the best price for your facility.
If you’re unsure if now is the right time to sell, we can help you evaluate your options and guide you through the process.
Why Choose JCH Consulting Group?
With years of experience in the senior housing market, JCH Consulting Group understands the challenges that come with owning and operating an assisted living facility. We’ve worked with owners of all types, including those who run smaller, independent operations, to help them sell successfully.
If you’re thinking about selling your facility, contact us today. We’d be happy to talk through your options and help you get the best possible price.