Home Health Care
According to an October 2021 Home Health Care News article, the combination of a high rate of unemployment, historic levels of Americans living with chronic illness AND upwards of 10,000 baby boomers reaching retirement age each day have culminated in the perfect storm for home health care agencies. Matching this emergence has been the resales market for home health care businesses as buyers are eager to jump into the market space with deal flow in 2021 outpacing prior years.
Why do home health care business owners choose Sunbelt?
Over the last 40 years, Sunbelt Business Brokers has transitioned literally hundreds of home health care businesses. While much of our success can be attributed to the highly experienced and knowledgeable business intermediaries stationed in offices throughout the United States, Sunbelt Franchise Resales (SFR) has partnered with many of the top home health care franchises to provide educational resources for their owners geared towards maximizing value and the business selling process. As a result, this gives us keen insights into the how to effectively market this type of business and has allowed us to play an integral role in helping owners achieve their succession goals.
As of the conclusion of Third Quarter 2022, the marketplace remains an advantageous place for business owners to transition their business. Since 2020, the buyer pool for businesses has increased dramatically due to historically low interest rates, high unemployment and low job satisfaction. However, there have been some early indicators signaling a shift in the marketplace. With rapid rates of inflation and interest rates spiking beyond even pre-pandemic levels, the buyer pool is projected to level off as many of the incentives to purchase an existing business disappear. Seller Financing has emerged as an alternative to traditional bank financing and remains an attractive selling point for buyers.
If you are an owner contemplating the sale of your business, it's never been more critical and beneficial to consult with someone who understands the marketplace, the selling process and how to appropriately value and market your business in order to maximize value.
Ready to explore selling your business? Contact us today for a free/no-obligation discussion and complimentary value range analysis!