Seller's Contact Information
- RE: Prime Senior Care, Appraised Price* 42% Proj. ROI*
- Contact: Blue Stone Business Group
Quick Facts
| Asking Price: | $1,910,000 | |
| Annual Revenue: | $1,885,428 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $554,111 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2009 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 85455583 | |
| Broker Reference #: | HW.VA.FAIR |
Business Overview:
HIGHLIGHTS:
This is a Major IN-HOME senior care business with MANY active clients/accounts and a solid history of success (Franchise resale). The Company is on a major 4 year upward tear in sales and a restructuring of the price in 2022 led to their biggest year ever! The corrections that were made in 2022 with price increases to clients are stable which should lead to continued heavy profits for years to come. 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. This particular location has an INCREDIBLE reputation in the community for providing high quality 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 several of our listings for this business model have gone under contract within hours. 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):
• Total Purchase Price: $1,910,000 (*Appraised price - not an asking price)
• Down payment: $385,000 (20%)
• Current SDE (cash flow of the business):$554,111
• Amount financed:$1,525,000
• Debt service per year (annual note payment): $241,836 (10 year at 10.00% approx.)
• SDE less debt service (annual note payment): $312,275
• Assume new owner wages a year: $150,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $162,275
• So even after paying your debt service each year and taking out $150,000 in a wage you should still have $162,275 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• Return on Investment: 42%....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.
• This scenario does not include working capital and DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure.
• 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 advisor’s opinion and are comfortable with the presented numbers from the seller.
*APPRAISED PRICE:
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.
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.
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.
Information/data must be verified with the seller and buyer's professional advisors.
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Property Features and Assets:
Well-Established. Modern, well-equipped, well-decorated offices. Quality caregivers. Huge service area with thousands of seniors.
Market Competition and Expansion:
Senior service businesses are 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.
Reason for Selling:
Retirement from industry
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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