Lender Ready Selling For Only 1.63*X Earnings!

Canton, GA
Cherokee County


Asking Price: Annual Revenue:
$254,000 $927,938

Services: Senior Living & Care, Assisted Living


Request More Information
Contact the Seller

RE: Lender Ready Selling For Only 1.63*X Earnings! Broker: Blue Stone Business Group

Quick Facts

Asking Price: $254,000
Annual Revenue: $927,938
Net Profit: Not Disclosed
Cash Flow: $109,655
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 491055583
Broker Reference #: sh.ga.can

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

HIGHLIGHTS:
HIGHLY SOUGHT AFTER In-Home Senior Care business (franchise resale). 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.

NOTE: The Company has been on an upward tear for over 3 straight years! We actually predict that the 2022 earnings (SDE) will be closer to $156k based on where the company is at the end of September, which is $117,745. If you run out the projection, that gets you to about $156,000 for the year! If you look at it from this perspective, you’d be buying this business for only 1.63* x earnings!! Anything under a 2x multiple is a ridiculously good deal! Additionally, this business is not rocket science, you don’t need to know technical healthcare techniques, like changing an IV or doing wound care for a client. This is strictly non-medical work and the hardest part of your day will be managing your office staff and caregivers to properly service the client(s)…in their own home. If you have any kind of management skills at all, you can likely do this business well. In fact, if you review our “thought experiments” as part of the profile we’d send to you after you complete an NDA, and we have a conversation, you’ll see there is huge potential to increase earnings AND turn this company around for a very nice profit in just 3 to 4 years.

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. *North of Atlanta.

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 43%!
• Total purchase price: $254,000 (The price advertised is not an asking price, it is the *appraised price)
• Down payment: $75,000
• Current SDE (cash flow of the business; *projected 2022): *$109,655
• Amount financed: $179,000
• Debt service per year (annual note payment): $27,209
• SDE less debt service: $82,445
• Assume a new owner to pull $50,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $32,445; So even after paying your debt service AND taking out $50,000 in a wage you should still have $32,445 (left over) to do with as you wish; Pay down debt early, take it out in additional wages or go to Vegas!
• 43% 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 is that you do 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 and does assume you take over a key ownership position in the business that will require you to be there around 30 to 40hrs a week.
• 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/EARNINGS (SDE):
2019: 98,048 / -33,956
2020: $367,611 / $7,935
2021: $582,616 / $83,368
2022 (projections): $927,938 / $109,655 (We actually predict that the 2022 earnings (SDE) will be closer to $156k)

*If using the weighted average from the valuation this is selling for only 2.3x earnings.

APPRAISAL:
The owner had a Wall Street level appraisal done on the business. Wells Fargo and many other major banks use the same valuation firm for their internal appraisals - Translation - It is a Solid Appraisal.

CONTACT US TODAY for the NDA for a detailed discussion.
.

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:

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.

Market Competition and Expansion:

Oversee business daily, oversee staff. Implement aggressive marketing / advertising strategies. Build referral sources. Build community relationships. Most businesses in this industry (probably why they are in such demand) have been VERY Covid resistant. In fact, due to so many issues with Assisted Living Facilities (lockouts, deaths) this business model has been overwhelmed and will likely stay this way for years and years to come…not that it wasn’t pre-Covid. So, the takeaway here, is that THIS business model will likely be with us in perpetuity!

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.

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!