Established Senior Care Fox Cities - Outagamie WI

Not Disclosed, WI
Outagamie County

Fox Cities


Asking Price: Annual Revenue:
$550,000 $1,200,000

Services: Senior Living & Care, Assisted Living


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RE: Established Senior Care Fox Cities - Outagamie WI Broker: Seller of Business

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $244,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 559455583
Broker Reference #: sh.wi.apple

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Business Overview:

HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise Selling for only 2.26 x Earnings (SDE) based off of conservative projections for 2020. This has been a solid company for many years with consistent earnings and sales and Little to No Covid impact.

*Possible Deal Structure Below*
• Projected ROI of 36%!
• Total purchase price: $550,000(Appraised Price)
• Down payment: $125,000
• Current SDE (cash flow of the business): $244,000 (Projected for 2020. Actually Trending Towards $260,000 for 2020. Weighted average over last 4 years $202,445)
• Amount financed: $425,000($550,000 - $125,000)
• Debt service per year (annual note payment): $56,620 (10 years at 6.0% apprx.)
• SDE less debt service: $145,380 ($202,000 – $56,620)
• Assume - New owner to pull $100,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $45,380 ($202,000 - $100,000 - $56,620 = $45,380). So even after paying your debt service and taking out $100k in a wage you should still have $45,380 to do with as you wish, pay down the debt early, take it out in additional wages, etc.!

• Return on investment or your return on injected capital (down payment) year after year = 36%! ($45,380/125,000 = 36%) >>>Tough to get this in the stock market!

• This scenario does not include working capital.

• 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.

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The company has many active clients and a huge roster of high-quality caregivers, as well as trained/seasoned staff and coordinators. The business has an incredible reputation in the community, providing in-home care to seniors, assisting them with activities of daily living, including companion care and hands-on personal care services. The owner had a WALL STREET LEVEL APPRAISAL completed on the business. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 10 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams. The point is, this is a solid appraisal number.

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Solid sales:
2017: $1,076,069
2018: $1,052,156
2019: $972,640
2020 (projections): $1,200,000 (current trend from YTD numbers as of July 2020 support this.

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No Experience In The Medical Industry Is Needed. Extensive training and ongoing support provided by franchisor. Seller will provide training during transition also.

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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.

*Gross Revenue and Cash Flow stated by seller, 2020 Projections. All information, data, financials, valuations, appraisals, inventory, FFE/Assets/Equipment, 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. No brokers or students please.

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 Established. Clean, modern, well equipped/decorated offices. Trained staff, coordinators, schedulers. Many quality caregivers.

Market Competition and Expansion:

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:

Retirement

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.

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