Seller's Contact Information
- RE: Senior Care, Incredible 89.74% ROI Per Year*
- Contact: Blue Stone Business Group
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $1,781,650 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $137,302 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 405255583 | |
| Broker Reference #: | CFC.OH.CLEVE |
Business Overview:
This Is Worth A Serious Look! Highly Sought After Senior Care!
******Deal of the year! ASTUTE Buyers ******
This non-medical (in-home) senior care business is not just a great business model, but this particular location is the “once in a year” deal that is likely to make your return on investment (ROI) insane…to the tune of about 89.74% each year or about 260% when you sell it in about 2 to 3 years*. Why? In a word, UNDERPERFORMING!
The numbers are staggering…a likely profit (from what you buy this for to what you sell it for) to you IF you decide to “flip” the location of between $637,000 to $910,000! This is serious and we ENCOURAGE you to ask your own financial advisor if they agree with our assessment once they see the numbers. However, this company is Not for a 1st time business owner, you’ll want to have good management experience and/or operational skills under your belt to see this to fruition. Here’s our thought process on this…(and keep in mind we specialize in selling senior care businesses and have for 13 years. In fact, we have 1000’s (literally) of financials statements from this business model from almost every senior care brand to support our projections. Here’s how this unpacks…As it stands now the location is only dropping about 7.7% of sales to earnings!! That’s ridiculously low. Normal, for most of our locations, are about 23%! So, consider this…the 4 year weighted average, top line sales, are $1,781,650 and the current management is only Seeing about 7.7% of that number or the $137k (SDE) stated above. However, with some things fixed (and we think we know the problem) that 7.7% turned into the normal 23% would see the earnings running about $409,000 ($1.7 sales x 23%)! Further, for context, we see any location in this particular industry where the margin is running less than 18%...under-performing. As we have just sold several locations (in the last month) where the margin was over 26% we feel there’s a huge upside potential for you. There’s some psychological issues at play here as well that we should dive into over the phone, but bottom line if we lived closer to this location ourselves we’d buy it and flip it…and as I type this we still just might. A company with $400k in earnings, consistently over a 2 year period, would turn the price of this company to $1,260,000 ($400k x a 3.15 multiple (currently it’s a 2.56 multiple)). Let that sink in…buy the company for $350k and in roughly two years be able to sell it for around $1.2. That’s a $910,000 profit before you even took a paycheck from the company over those couple of years! Even if you potentially lost $350k in sales because you raised rates or a restructure, that would still leave you with $1,431,000 in sales, and dropping 23% of that, which is $329,130 (SDE) and that number ran out for a couple of tax returns would see the sale price around $987,000 (a 3x multiple) or a $637,000 profit, before costs to sell it and any loan you might have on the business to buy it in the first place. This deal is for astute buyers that know business and can understand the figures we presented above. But again, don’t take our word for it, run this past your own accounting team and see what they think. We have the financials of many locations to give to you so you can see the results we’re suggesting (redacted names of these locations of course). If nothing else, review the deal and if we’re off base here tell us about it. No matter what, it’s worth a serious look.
Sales/SDE History:
2020: $1,788,528 / $159,753
2021: $1,693,273 / $154,017
2022 (projections): $1,640,000 / $124,000
*SDE $137,302 4 year weighted average; Sales: 1,781,650 4 yr weighted average.
IMPORTANT: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees and you/they are comfortable with the presented numbers from the seller. CONTACT US TODAY. NDA Required.
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Property Features and Assets:
Fully-equipped office space. Trained staff. Many quality caregivers.
Market Competition and Expansion:
Competition: THE BUSINESS focuses on sending caregivers to a client’s personal home/residence to help them with daily life activities, such as light cleaning, food preparation, grocery shopping, walking with them and just basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility. Franchise Business Review lists senior service businesses in the top six recession-proof industries. The senior care industry is growing and will continue to grow with the senior population expecting to grow by 25%. Growth & Expansion: See details above in the Listing Description for Detailed Growth opportunity.
Reason for Selling:
Retirement from this industry.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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