Established Saint Lucie Senior Care Franchise

Port Saint Lucie, FL
St. Lucie County


Asking Price: Annual Revenue:
$299,500 $1,086,639

Services: Senior Living & Care, Assisted Living


Request More Information
Contact the Seller

RE: Established Saint Lucie Senior Care Franchise Broker: Seller of Business

Quick Facts

Asking Price: $299,500
Annual Revenue: $1,086,639
Net Profit: Not Disclosed
Cash Flow: $135,974
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: Not Disclosed
BBN Listing #: 947255583
Broker Reference #: hi.fl.lucie

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

IN-HOME SENIOR CARE / NON- MEDICAL STAFFING. THE COMPANY has many active clients and a seasoned staff of 56 which includes; coordinators, managers, including a huge roster of high-quality caregivers. The business provides in-home care to seniors, assisting them with activities of daily living, including companion care and hands-on personal care services. The company has been in operation since 2010 with a well-seasoned, experienced staff and excellent referral source relationships. The seller is retiring from the senior care industry....Contact us for the NDA for a detailed discussion.

NOTE: Cash flow stated of $135,974 is based on discretionary earnings as of the end of June ($67,987) projected out to the end of the year.
NOTE: Sales stated of $1,083,694 is based on June ($541,847) and projected out to the end of the year.

Buyer requirements for this purchase: 1.Buyer must have a minimum of $100,000 free-and-clear liquid capital to be used for the down-payment. 2. Buyer must be willing to work a minimum of 30-40 hours in the location per week (not semi absentee or fully absentee). 3. If buyer is from out of state, then you must be willing and able to relocate to St. Lucie County within two months of your inquiry.4. Buyer should have a net worth of around $200,000 (contact us if you’re unsure about this number).

HOW TO PUT MORE MONEY IN YOUR POCKET IN YOUR FIRST YEAR: The current earnings to sales are running about 11% to 13% (super low) which is ripe for a serious correction. In fact, with the company’s current sales, this location SHOULD be throwing off to the owner about 15% to 21% of sales or about $162,000 to $239,000 … into the owner’s pocket vs. $135,000 (previous years were only 11%) which it is currently showing!!! (2019 sales $1,086,369 x 15%= $162,000 and x 21% =$239,000). As specialists in this business model we have hundreds of income statements and proven sales that would bear this out. Once you receive the 46-page profile on this business you’ll have a much better sense as to what we mean. Contact us to discuss this more in detail.

This deal is ripe for the STRATGIC BUYER (Flipping the business). Here’s why… If you can better manage the business (like we feel you likely could) and you did realize the better earnings we would expect from sales (15% to 21% vs 11% to 13%) this could put the business in the $540k range in just a few short years and make yourself a nice $241k profit ($299k-$540k= $241k) – if you were to sell it (less commissions/costs). That calculation was based on 20% of sales dropping to the bottom line. We have multiple locations we have sold in the last 2 months with that % hitting the bottom line from sales. Here’s how it would look: $1,083,000 in sales x 20% = $216,600 x 2 years doing that. Take $216,600 x a 2.5 multiple (likely) and you get around a $540,000 sell price. DO NOT TAKE OUR WORD for it, review the package and run these numbers yourself, with your accountant, and you’ll likely see how this pencils out. Clearly you need to be a better, more efficient operator, and we can provide enough data that will help you identify the trouble spots.

>>POSSIBLE DEAL STRUCTURE:

Projected ROI of 36%!
• Total purchase price: $299,500
• Down payment: $75,000 (CIBC Bank has given us this number based on the latest financials.
• Current weighted average SDE over 2 years (including using the 2020 projection year): $116,592

• Amount financed: $224,500 ($299,500 - $75,000=224,500)
• Debt service per year (annual note payment): $29,909 (10 years at 6.00% apprx.)
• SDE less debt service: = $86,683 ($116,592 -$29,909 = $86,683)
• Assume - New owner to pull $60,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service = $26,683 ($116,592 – $60,000 - $29,909 = $26,683)
• Return on investment or your return on injected capital (down payment) year after year = 36%! ($26,683/$75,000) A good year in the stock market is about 6 to 10%.
• This scenario doesn’t include working capital.

SUMMARY: put $75k down, pull a $60k a year salary out, pay your debt service and you should still have about $26k ($26,683) to play with either for paying down the debt service early OR to just take more out in wages!

• IMPORTANT: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisors opinion and are comfortable with the presented numbers from the seller.

**************
No Experience In The Medical Industry Is Needed. Training/Support provided. Seller will provide training during transition.

**************
Non-Disclosure Agreement (NDA) is required. The sale is confidential which is why we are not publishing sensitive financial information or the name. Information provided to qualified buyers with NDA in place.

All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Buyers should always verify all information with the seller and their own advisors before putting any money at risk.

CONTACT US TODAY For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Well-maintained, equipped offices. Well-trained staff, managers, nurses, coordinators. Many Quality caregivers. Huge service territory encompassing Fort Pierce, Port Saint Lucie, Stuart, Hutchinson Island, Tradition, Jensen Beach, Palm City, Hobe Sound, PGA Village, Lakewood Park, Palm Beach Gardens

Market Competition and Expansion:

Implement aggressive marketing strategy. Build relationships in the community. Build strategic partnerships. Follow systems and marketing program created and honed by franchisor. Multiple revenue streams for diverse services. •Today, there are over 40 million adults age 65+ in the U.S., but this population is expected to reach 89 million over the next 40 years• People will continue to age and need the proper level of care despite what happens in today’s uncertain economy• Fabulous system growth #’s caring primarily for parents of the Baby Boomers. The first Baby Boomers just started turning 65 in 2011, and now 10K people per day turn 65 in the US• Health Care Reform is a positive to this business- This is the viable, lower cost, long term care option• Senior care ranks among the top five most profitable franchising sectors. Why is there a boom in the service area?--- Beyond elder care. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful franchise businesses of the next few years will be ones that will provide cost-efficient services, both medical and non-medical, for the aging population of the United States. According to David Wolfe and Robert Snyder in Ageless Marketing, “The New Customer Majority is the only adult market with realistic prospects for significant sales growth in dozens of product lines for thousands of companies.” ****************************************The senior Care Environment--- Long-term Care Demand and Our Aging Population The market for long-term care is rapidly increasing which will increase the demand for our services in nursing homes, hospitals and private duty assignments. According to the U.S. Census Bureau, the elderly population (persons 65 years old and over) increased eleven-fold between 1900 and 1994; the non-elderly increased only threefold. Under the Census Bureau's middle series projections, the number of persons 65 years old and over would more than double by the middle of this century to 80 million (up from 33 million in 1994). By the year 2030, about 1 in 5 Americans will be elderly. The oldest old is the fastest growing segment of the elderly population. The oldest old (persons 85 years old and over) are a small but rapidly growing group, comprising just over 1% of the American population in 1994. From 1960 to 1994, this group increased 274% to 3.5 million, compared with an increase of 100% for persons 65 years old and over, and an increase of 45% for the total population. Overall, the oldest were projected to be the fastest growing part of the elderly population as we entered this century and beyond. By 2020, the U.S. population over the age of 65 is projected to grow to 55 million while the population over the age of 85 is projected to increase by four times to over 13 million. As age increases, the need for long-term care also increases. ****************************************Shortage of Nurses--- There is an acute shortage in the United States of registered nurses. A recent study published by the American Hospital Association states that the average age of a nurse is 45 years old and that less than 10% of all nurses are under the age of 30. This coupled with the dynamics of an aging population and increased government requirements for staffing at hospitals and nursing homes have created a substantial demand for our services. We believe that competition for qualified personnel will continue to increase and that our benefits and methods of "sharing the success" with our employees will make us an attractive employer in the marketplace and allow us to be the most attractive answer when individuals are looking for employment. **************************************************** Why Would Nurses Become Contract Workers Instead of Full-time Employees?--- Many nurses are switching from demanding shift positions in traditional settings to contract staffing. For a comparable salary and benefits, an employee has more flexibility and control over their schedule, vacations and holidays and less risk. Some nurses enjoy doing a variety of jobs in which they can use many of their skills and others prefer to use one specialty, contract work allows these options.

Reason for Selling:

Personal reasons.

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 a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!