Seller's Contact Information
- RE: Outstanding Senior Care Business, 2 Locations
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $2,360,000 | |
| Annual Revenue: | $3,665,268 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $687,296 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2011 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 687555583 | |
| Broker Reference #: | SH.IN.WABASH |
Business Overview:
Two Office Locations Selling For ONLY 3.44xCash Flow*
HIGHLIGHTS:
HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale). 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. Two office locations with a huge geographical service territory. 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.
BUYERS:
Time is of the essence…You may not want to wait on this business, as our last senior care transaction was under contract in 72 hours and the one prior to that in 24hours! We had one location last year that we didn’t even advertise, and it sold for full price and closed in 45
days! Translation….This is a very in-demand business model and they go fast when they are properly presented…as you see here.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
Projected ROI of 50%!
• Total purchase price: $2,360,000 (The price advertised is not an asking price, it is the Appraised price)
• Down payment: $470,000
• Current SDE (cash flow of the business): $687,296 (2021)
• Amount financed: $1,890,000
• Debt service per year (annual note payment): $252,935
• SDE less debt service: $434,361
• Assume a New owner to pull $200,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $234,361 ($687,296 - $200k- $252,935=$234,361); So even after paying your debt service AND taking out $200,000 in a wage you should still have $234,361 (left over) to do with as you wish; Pay down debt early, take it out in additional or go to Vegas!
• Annual return of investment on your injected capital/down payment each year is 50%... 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.
• 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: $2,234,985 / $358,898
2019: $2,266,034 / $287,183
2020: $2,762,213 / $590,912
2021: $3,665,628 / $687,296
EXPERIENCE/TRAINING:
No Experience In The Medical Industry Is Needed. Extensive training and ongoing support provided. Seller will provide training during transition.
**************
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.
*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. Gross Revenue and Cash Flow stated by seller. Buyers should always verify all information with the seller and their own advisors before putting any money at risk.
CONTACT US TODAY For the NDA For Details. We will email the short 3-minute online
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. Modern, well-equipped and nicely decorated offices. Plenty of parking. Trained staff, and many quality caregivers. Huge service territory with thousands of seniors over the age of 65/75.
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.
Reason for Selling:
Retirement
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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