Business Sales Timelines

Although it is extremely difficult to predict the exact duration of a transaction, the rough time line for the actual transfer of a home health business can be as follows:
Initial Stage of the Transaction
Evaluation of the Business Fundamentals 1-2 weeks
Determination of Valuation & Pricing 1-2 weeks
Development of the Marketing strategy 1-2 weeks
Developing the marketing materials and documents 1-2 weeks

Discussion stage

Agreements for confidentiality with buyers 1-2 weeks
Business Evaluation and visits by buyers 4-6 weeks
Receiving offers and LOI’s from buyers 4-6 weeks

Final Transaction Stage
Due Diligence procedure 4-8 weeks
Final Agreement Drafting and signing 2-4 weeks

No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.