Successful Lake County In-Home Senior Care

Hammond, IN
Lake County


Asking Price: Annual Revenue:
$895,000 $2,800,000

Services: Senior Living & Care, Assisted Living


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RE: Successful Lake County In-Home Senior Care Broker: Blue Stone Business Group

Quick Facts

Asking Price: $895,000
Annual Revenue: $2,800,000
Net Profit: Not Disclosed
Cash Flow: $308,853
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: Not Disclosed
BBN Listing #: 209755583
Broker Reference #: bri.in.high

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Business Overview:

IN-HOME SENIOR CARE MEDICAL STAFFING business. The two-territory location does BOTH medical (Home Health/Skilled Care) and non-medical services. THE COMPANY PROVIDES full in-home personal and companion care to seniors, including help with daily tasks such as light housework, meal prep, errands, transportation, medicine reminders, and other care. You do not need any experience in the medical Industry to succeed. Extensive training and support is provided. The owner's role is to market and build your business, expand and build relationships in the community, and manage a dedicated team of quality caregivers. The location is a franchise resale with a solid staff, many active accounts, excellent caregivers, referral sources, multiple profit centers, and specialty services that make this brand really stand out against all others.

POSSIBLE DEAL STRUCTURE :

• 41% Projected Return On Investment (R.O.I.)(your down payment)
• Total purchase price: $895,000
• Down payment: $248,000 (required for bank financing)
• Current Projected SDE for full 2020 year-end (what you would earn in the business): $308,853
• Amount financed: $647,000 ($895,000 - $248,000 = $647,000)
• Debt service per year (annual note payment): $86,196 (10 years at 6.00% apprx.)
• SDE less debt service: $222,657 ($308,853 – $86,196 = $222,657)
• Assume - New owner to pull $120,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service = $102,657 ($308,853-$86,196- $120,000) = $102,657)
• Return on investment or your return on injected capital (down payment) year after year = 41%! ($102,657/248,000) …Tough to get this in the stock market!! So, bottom line, you have an extra $102,657 after paying the debt service and giving yourself a $102k year salary to do with as you wish i.e.; pay down your loan early, reinvest in the business, etc.

•For BANK FINANCIING, buyer is required to put down approx. $248,000 as down payment.

• This scenario does not include additional working capital or other loan related fees.

• 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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*All information, data, financials, valuations, appraisals, assets, inventory, furniture/fixtures, lease information, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. *Gross Revenue and Cash Flow stated by seller.

NDA - Non-Disclosure Agreement 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.

CONTACT US TODAY with your email/phone number and we will provide the short online-electronic NDA to you shortly after your request for information.

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:

Modern, well-maintained and equipped office space, approx. 2500 sf. Well-Trained employees - coordinators, schedulers, managers, sales, recruiter, etc. Huge roster of Quality care givers - over 100. Referral sources. Great database of clients, and existing accounts/clients. Established franchise resale.

Market Competition and Expansion:

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% over the next 10 years. More recently driven by concerns brought on by COVID-19 the industry has seen an increased interest in in-home services as seniors and their families question the safety of moving into a group living situation such as a senior apartment, assisted living or nursing home. Additionally, those in the hospital are choosing to be released home with non-medical in-home care services instead of being transferred into a rehabilitation facility due to safety concerns. More seniors are now opting to age in place and bring help in or move in with family and hire additional support services to come into their family home. This is in addition to an earlier survey conducted by AARP that stated that at that time (prior to COVID) 86% of seniors wanted to age in place. Families also move their loved one out of assisted living and into their own home, hiring additional assistance due to their concerns about the safety of their loved one living in a group setting. Changes in the payment reimbursement model in January of 2020 for hospitals and skilled nursing has also increased client flow. Facilities are no longer able to keep patients as long as they once were under Medicare guidelines which has led to an increase in the need for in-home care.

Reason for Selling:

Personal. Details with NDA In Place.

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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