Live In A Great Town & Make $500k Per Year

Denver, CO
Denver County


Asking Price: Annual Revenue:
$1,900,000 $2,498,141

Services: Senior Living & Care, Assisted Living


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RE: Live In A Great Town & Make $500k Per Year Broker: Blue Stone Business Group

Quick Facts

Asking Price: $1,900,000
Annual Revenue: $2,498,141
Net Profit: Not Disclosed
Cash Flow: $567,397
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 290355583
Broker Reference #: shc.cheyden

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Business Overview:

This is one of the TOP in-home senior care locations and is one of the largest providers in an entire state! Move only an hour or so from Denver and a less stressful, lower cost of living lifestyle will be yours. And with this purchase you’ll be making yourself a HUGE living in a small town with a MUCH lower cost of living. AND there are no STATE INCOME TAXES…so what’s not to like!? In fact, as I’m typing this I’ve almost talked myself into buying it myself and I’ve owned 7 companies!

Additionally, the company is on a tear this year and it could be its largest year ever as the number of hours per week in the last few months are skyrocketing!

Let’s cut to the chase…this business is located in CHEYENNE, WYOMING... If you've been exploring a new business, hungry to do something incredibly rewarding, and do it in a fantastic area...THIS is Your Business. The protected territory is located within an abundance of outdoor fun AND tons of city attractions as well (ski, hike, mountain bike, camp, snowmobile, fish, boat and/or visit four movie theaters, performing arts theaters, as well as fifteen different museums, an art-walk once a month, and ....THE Largest Outdoor Rodeo In The WORLD) – Pretty much anything you’d ever want to do ... As if helping others and improving their quality of life wasn’t enough, owning this business and living in this area will improve the quality of YOUR life! And again, this hasn’t even taken into account the incredible cost of living.

INTERESTING FACTS:

*Denver is 29.2% MORE expensive than Cheyenne.
*Denver housing costs are 67.9% MORE expensive than Cheyenne housing costs.
*It is MORE expensive to own a home in Denver ...Median Home Cost in Cheyenne is $253,900 vs. $426,200 in Denver!

IN ADDITION....YOU WILL BE WALKING INTO $110,000 IN EQUITY ON THIS DEAL! The recent appraised price is $2,010,000. This scenario doesn’t play out with our listings very often …only about every 2 to 3 years or so this is something to take advantage of. Why do we do this? We know that on deals of this size bank financing is key and we strive to make the deal as easy for you as possible to finance. With this price structure we’ll be able to keep the down payment requirements around the 20% range and the bankers are really on board at this price and down payment. So again, this deal is worth a serious look.

There are HUGE government contracts (that you’ll be able to pickup and likely keep) with a staff that can and would run the company without you! HOWEVER, we did build the model WITH an owner / operator in the business every day. You could likely keep the margin where it is by running it exactly the way it is structured now, but with an owner in the location daily you could likely bump that margin up by 2 to 3% which could add another $74k (much more if you wanted to take over a position) to your earnings number each year.

Additionally, numbers are clean and you and your CPA will easily be able to follow the valuation data.

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 underwriting teams --The point is, it is a solid appraisal.

**POSSIBLE DEAL Structure Below:
• Projected ROI of 54%!
• Total purchase price: $1,900,000
• Down payment: $398,000 (approx. 20%-21% x $1,900,000)
• Current SDE (cash flow of the business): $567,397 (2 year weighted SDE by appraiser)

• Amount financed: $1,502,000 ($1,900,000 - $398,000)
• Debt service per year (annual note payment): $201,918 (10 years at 6.20% apprx.)
• SDE less debt service: $365,479 ($567,397 – $201,918=$365,479)
• Assume - New owner to pull $150,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $215,479 ($567,397 - $150,000 - $201,918 = $215,479). So even after paying your debt service and taking out $150k in a wage you should still have $215,479 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 = 54%! ($215,479/$398,000 = 54%) >>>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

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THE COMPANY... has many active clients and a huge roster of high-quality caregivers, as well as trained/seasoned staff. 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 seller is moving out of the area.

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SDE: $567,397* (2 year weighted SDE by appraiser)
Sales/SDE:
2018: $1,325,813 / SDE: $339,460
2019: $2,015,544 / SDE: $$517,590
2020: $2,370,993 / SDE: $539,707
*2021 (projections): $2,498,141 / SDE: $595,087
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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. 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.

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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:

Incredibly nice office space – Extremely beautiful building and office decor. Trained staff; Many quality caregivers. Well-Established franchise resale serving a huge geographical service area with thousands of seniors. Location details with NDA in place.

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:

Moving out of area.

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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