Tag Archives: exit planning
8 Ways to Exit Your Business

8 Ways to Exit Your Home Health Care Business

According to Paul Simon, there are fifty ways to leave a lover. We may not be as resourceful as Mr. Simon when it comes to saying goodbye, but we were able to come up with eight ways for owners to leave their home health care business. 1. Transfer to a family member 2. Sale to […]

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Time: Too Much or Too Little? Exit Planning for Home Care Agency Owners

Time: Too Much or Too Little? Exit Planning for Home Care Agency Owners

Exit Planning?  Oh, I’ll have plenty of time for that later! Exit Planning?  I’m too busy to think about that now! Sound familiar?  The problem is that active, successful business owners like you seldom slow down, and despite your best intentions, you often bite off more than you can chew.  We can’t cram any more […]

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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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My Lawyer Told Me Not to Do It!

My Lawyer Told Me Not to Do It!

Many business owners have called one of their brokers or advisors to complain that their lawyer (or CPA or financial advisor or insurance professional) told them that they should not even think of transferring their business to their child and key employees, but they want to do it anyway. If you’ve made this type of […]

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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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Key Value Drivers for Home Health Care Business Owners

Do you ever wonder why one business commands top dollar from multiple buyers while another sits on the market for months–or even years? Do you wonder what characteristics buyers look for in a prospective target for home care merger and acquisition? Before the sales process even begins, you must build value within your business to […]

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