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selling your homecare business

Selling to Insiders – How Much Can you Sell your Home Care Business for?

If you wish to transfer your business to an insider(e.g. employees, children, co-owners) and want to receive full value, then generally that value cannot exceed four times your true cash flow.  We define “true cash flow” as the pre-tax money distributed to owners via salary, bonuses, company distributions such as S-distributions, and all rental payments […]

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Tainting the Marketplace; have a Proper Exit Plan in Place, Before you Embark Upon a Sale

Tainting the Marketplace; have a Proper Exit Plan in Place, Before you Embark Upon a Sale

So, you’ve decided to sell.  Enter the “low hanging fruit”–the single buyer.  You are not putting your best foot forward with this sale unless you have 1) prepared your company for sale, 2) a thorough, professional confidential offering memorandum, 3) exposed the company to all interested  buyers simultaneously, possibly creating a buying frenzy, and 4) […]

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Value Driver 4:  Leveraging Human Resources

Value Driver 4: Leveraging Human Resources

We have been discussing the various methods home care owners use to build valuation in their companies to achieve their exit planning goals.  Foremost in this process is creating a written value-building plan, which includes four important value drivers: Value Driver 1:  Business fundamentals Value Driver 2:  Strategic Planning Value Driver 3:  Systemizing Internal Operations […]

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Value Driver 3: Systematizing Internal Operations in your Home Care Business

Value Driver 3: Systematizing Internal Operations in your Home Care Business

*We have been discussing various methods business owners use to build value in their home care companies to achieve their post-exit goals.  Foremost in this process is creating a written value-building plan, which includes four important value drivers, today we discuss Value Driver Three, Systemizing Internal Operations in your Home Care Business The systematization of internal operations […]

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Value Drivers? Have you Created Systems that Key Employee’s Can Execute in Your Absence?

Value Drivers? Have you Created Systems that Key Employee’s Can Execute in Your Absence?

Case Study Dawn and Preston Slater, owners of a machine shop with $7 million in annual revenue, sat down and announced, “We have decided to leave the business as soon as possible. We’ve got our management team in place and want to execute a transfer of the entire business in the next six to 24 […]

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Two Proven Ways to Guarantee Top Dollar For Your Home Care Business

Two Proven Ways to Guarantee Top Dollar For Your Home Care Business

According to Inc. Magazine, approximately ten million business owners will attempt to sell their companies within the next decade.  This is a clear sign of a highly competitive marketplace, and most home care business owners understand the importance of assessing their business valuation.  And knowing what your business is worth to potential buyers is just […]

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