Owner Financing is Available!
Business Overview:
Established Non-Medical In-Home Care Business in Las Vegas. With over 300,000 retirees, the Las Vegas area is one of the top choices for retirement; planned communities include Sun City Anthem, Sun City Summerlin, Sun City Aliante, Silver Springs, and Lakeside Villas. Also, in September 2011, one of the largest V.A. Hospitals in the U.S. opened in Las Vegas. This was built to service the huge increase in medical services required by the soldiers returning from the Middle East. As a result, the Las Vega area has a growing need for non-medical in-home care.Over the last 9 years, this single-owner, non-medical in-home care business has established itself as one of the top firms in the area, with more than 50 customers. Most customers are referrals from doctors, direct personal association, case managers, and long-term care insurers.The firm’s personal care assistants range from part-time to 24-hour care; with many live-in accounts. Approximately 50% are private pay, 25% workman’s comp insurance (EIC), and 25% long-term care customers. Many of the EIC customers have been with the company for more than 5 years. A PCA License is required in Nevada.The company’s CPA-prepared profit and loss statements indicate that this business generated pre-debt cash flow equal to 23% of sales in 2011. Cash flow is very steady; it has very little seasonal fluctuation. For qualified buyers, the Seller is willing to sell for $1,195,000 with half down and a 5-year note at 7% annual interest. At a 2.6 multiple of annual cash flow, this business is very reasonably-priced. Call Len Krick, Broker, at 702.856.4701, for a valuation and detailed presentation of this opportunity.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Seller needs capital to invest in other business
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.