52% Proj. ROI*, Lender Ready, Prime Senior Care

Cleveland, OH
Cuyahoga County

Suburban


Asking Price: Annual Revenue:
$632,000 $1,230,348

Services: Senior Living & Care, Assisted Living


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RE: 52% Proj. ROI*, Lender Ready, Prime Senior Care Broker: Seller of Business

Quick Facts

Asking Price: $632,000
Annual Revenue: $1,230,348
Net Profit: Not Disclosed
Cash Flow: $218,342
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 401055583
Broker Reference #: va.oh.cleve

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Business Overview:

Selling for ONLY 2.89x Cash Flow! Training/Support Provided. Great Staff. This is a MAJOR nationwide IN-HOME senior care FRANCHISE business. The company is doing almost exclusive private pay work for their clients making this transition for a buyer much more simple than multiple government accounts. The sellers have been in the business for years and a new aggressive owner/operator could likely put much more on the bottom line vs. what the current SDE to sales are now which is only about 18%. Review our “Thought Experiment” for how this might look with a bit more attention to expenses and sales. We think you’ll likely see a LOT of upside potential. 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. Additionally, most businesses in this industry (probably why they are in such demand) have
been VERY Covid resistant and this location is no exception! 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!

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Property Features and Assets:

Well-Established franchise. Modern well-equipped office. Quality caregivers; Staff. Huge service territory with 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.

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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