Lender Ready, 55% Proj. ROI, Appraised Price*

Not Disclosed, SC
Beaufort County


Asking Price: Annual Revenue:
$800,000 $1,713,254

Services: Medical, Dental


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RE: Lender Ready, 55% Proj. ROI, Appraised Price* Broker: Seller of Business

Quick Facts

Asking Price: $800,000
Annual Revenue: $1,713,254
Net Profit: Not Disclosed
Cash Flow: $273,333
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: Not Disclosed
BBN Listing #: 636855583
Broker Reference #: sh.sc.hh

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Business Overview:


HIGHLIGHTS:

HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale). Solid 4-year uptrend that should be highly sustainable for a new buyer going forward. Nice Veterans program in place with mostly private pay clients. Translation…highly sustainable sales mix which is exactly what you’d want as a buyer.

This is one of the few industries that has really weathered the covid storm. It is One of THE TOP Franchise brands in the NATION, with a reputation for putting MORE MONEY, as a percentage of sales, into YOUR pocket. Some other brands seem to have huge sales with low margins...Not the case normally with this brand and we have the income statements from multiple locations to prove it (contact us to discuss, with NDA in place).

THE COMPANY:

Many active clients and a great roster of high-quality caregivers, as well as trained/seasoned staff. 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.

Finally, this particular location has an INCREDIBLE reputation in the community for providing this high quality non-medical in-home care and we think when you dive into this further, you’ll agree with that assessment.

ABOUT THE APPRAISAL:

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.

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):

• Total Purchase Price:$800,000 [Appraised price (not an asking price)]
• Down payment: $160,000
• Current SDE (cash flow of the business)$273,333
• Amount financed:$640,000
• Debt service per year (annual note payment):$86,037 (10 year at 6.20% approx.)
• SDE less debt service:$187,296
• Assume new owner wages a year:$100,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $87,296 --- So even after paying your debt service each year and taking out $100,000 in a wage you should still have $87,296 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• 55% ....Annual return of investment on your injected capital/down payment each year. A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption for this model, is that you actually work in the business similar to the way the current owner does now. Clearly in the stock market you would not be working in the company you held stock in.

• This scenario does not include working capital. Likely to be secured with a bank as part of your loan package, if qualified.

• 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.

SALES/SDE HISTORY:

2018: $409,898 / $4,301
2019: $1,431,328 / $204,467
2020: $1,710,229 / $255,604
2021: $1,713,254 / $273,333

TRAINING/SUPPORT/EXPERIENCE:

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. 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 franchise resale. Modern, well-equipped, nicely decorated office space. Trained staff, many quality caregivers. Great service territory encompassing thousands of seniors.

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:

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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