Lender Ready Successful Senior Care

Kansas City, MO
Jackson County


Asking Price: Annual Revenue:
$1,685,000 $2,194,929

Services: Senior Living & Care, Assisted Living


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RE: Lender Ready Successful Senior Care Broker: Seller of Business

Quick Facts

Asking Price: $1,685,000
Annual Revenue: $2,194,929
Net Profit: Not Disclosed
Cash Flow: $480,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 469955583
Broker Reference #: sh.mo.summit

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Business Overview:

HIGHTLIGHTS:

HIGHLY SOUGHT AFTER In-Home Senior Care business (franchise resale). This is a VERY well-oiled machine...It is a SOLID COMPANY and is continuing to grow exponentially - The business has MANY active clients/accounts and a huge roster of high-quality caregivers, as well as trained/seasoned staff and coordinators. The company 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. This is Recession resistant with very LITTLE Covid impact in 2020.

UPDATE 10-04-21:

YTD numbers are tracking right in line with projections as delineated through the September financials.

ABOUT THE APPRAISAL:

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.

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):

• Projected ROI of 35%!
• Total purchase price: $1,685,000(The price advertised is not an asking price, it is the appraised price)
• Down payment: $345,000 (20% x $1,685,000 = $345,000)
• Current SDE (cash flow of the business): $480,000 (2020)
• Amount financed: $1,340,000($1,685,000 - $345,000)
• Debt service per year (annual note payment): $182,585 (10 years at 6.0% apprx.)
• SDE less debt service: $297,415 ($480,000 – $182,585)
• Assume - New owner to pull $175,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $122,415 ($480,000 - $175,000 - $182,585 = $122,415). So even after paying your debt service and taking out $175k in a wage you should still have $122,415 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 = 35%! ($122,415/$345,000 = 35%) >>>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 presented numbers from the seller.

SALES/SDE HISTORY:

Sales History:
2017: $1,857,690
2018: $1,976,440
2019: $1,722,944
2020: $1,849,681
2021 (predicted):$2,194,929

TRAINING/SUPPORT/EXPERIENCE:

NO EXPERIENCE In The Medical Industry Is Needed. Extensive training and ongoing support provided by franchisor. Seller will provide training during transition also.

**************
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. 2020 Cash Flow; 2021 projected Gross Revenue. 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. No brokers or students please.

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:

Well-Established franchise resale. Modern, well-equipped, nicely decorated office space. Trained staff, coordinator, and many quality caregivers. Great service territory encompassing thousands of seniors.

Market Competition and Expansion:

Oversee the business on a daily basis, oversee staff, sales, marketing/advertising strategies. Implement aggressive marketing/advertising strategies. Build referral sources. Build community relationships. Diversify services. Attend industry trade shows. Join business associations/chambers. ***********************************Why is there a boom in the service area? --- Beyond elder care. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful businesses of the next few years will be ones that will provide cost-efficient services, both medical and non-medical, for the aging population of the United States. ****************************************The senior Care Environment --- Long-term Care Demand and Our Aging Population - The market for long-term care is rapidly increasing. By the year 2030, about 1 in 5 Americans will be elderly. As of 2020, the U.S. population over the age of 65 projected to grow to 55 million while the population over the age of 85 projected to increase by four times to over 13 million. As age increases, the need for long-term care also increases. ****************************************Shortage of Nurses --- There is an acute shortage in the United States of registered nurses. A recent study published by the American Hospital Association states that the average age of a nurse is 45 years old and that less than 10% of all nurses are under the age of 30. This coupled with the dynamics of an aging population and increased government requirements for staffing at hospitals and nursing homes have created a substantial demand for in-home services. It is believed that competition for qualified personnel will continue to increase and that benefits and methods of "sharing the success" with employees will make in-home care companies an attractive employer in the marketplace and allow them to be the most attractive answer when individuals are looking for employment. **************************************************** Why Would Nurses Become Contract Workers Instead of Full-time Employees? --- Many nurses are switching from demanding shift positions in traditional settings to contract staffing. For a comparable salary and benefits, an employee has more flexibility and control over their schedule, vacations and holidays and less risk. Some nurses enjoy doing a variety of jobs in which they can use many of their skills and others prefer to use one specialty, contract work allows these options.

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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