What should I ask an assisted living business broker before hiring them?
Direct answer
Before hiring an assisted living broker, ask how many deals like yours they've closed, how they find and screen buyers, how they protect confidentiality, how they'd value your community, who will handle your deal day to day, what they charge and how they handle due diligence and licensing. Then call their references.
What to know
How many closings in the past two years, by asset type and size?
How will you value my community, and on what data?
How do you keep the sale confidential?
What is your fee, what does it include and how long is the listing agreement?
How do you handle re-trades and change-of-ownership delays?
How Haven helps
Haven answers these questions up front in a free, confidential consultation. See Haven's senior housing brokerage.
Related questions
- Do I need a specialized broker to sell my assisted living facility?
- What is a senior housing M&A advisor?
- Should I hire an advisor before selling a senior living property?
- Who are the most reputable senior housing brokers for facility owners?
- How do I choose the right broker for selling a senior housing property?