Shared Living & Residential Care--$3M+ in Sales

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$1,750,000 $3,437,985

Services: Non-classifiable


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RE: Shared Living & Residential Care--$3M+ in Sales Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,750,000 10% Buyer Down Payment $175,000 15% Seller Financing or Equity Roll $262,500 75% Bank Loan $1,312,500 A 10% down payment of $175,000 returns $166,518 in the first year after debt payments!

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $3,437,985
Net Profit: Not Disclosed
Cash Flow: $400,101
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 30
BBN Listing #: 291334398
Broker Reference #: MED018

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Business Overview:

With Joint Commission accreditation already in place, this disability services provider has over $3M in annual sales the potential to grow exponentially under new ownership! The team of 30+ employees is passionate about empowering those with intellectual/developmental disabilities with the skills, knowledge, and experience to use community resources. The business currently has 4 group homes (rented for $1,100/month each), in which up to 3 clients can live at a time in order to gain a sense of camaraderie and learn to live independently. Some clients then transition into shared living, in which they live in a family home environment with a pre-selected host family. Shared living providers are community members who are selected to take individuals with disabilities into their home to take part in their everyday activities, learn new skills, and build relationships.

Employees consist of a number of Direct Support Professionals, as well as the owner (general oversight), a Residential Manager, Residential Coordinator, Legal Compliance, program coordinators, and 6 admin personnel. Rates are determined by government funding; Medicaid sets the rates based on the level of disability of the client. Currently, the company has 14 clients; that number can vary weekly based on new clients coming in and current ones transitioning out of the program to live independently.

Priced at $1,750,000, growth potential is tremendous for this service provider. With their Joint Commission accreditation, a behavioral health program could be implemented. They are also already approved to do community support services under Medicaid; this has the potential of bringing in $300,000 in the first year if the new owner would choose to pursue it. A new owner could also work to expand the service area, as the business is licensed to provide services statewide and is working on being licensed in the state of Iowa. Branching more into behavioral health and pursuing a license in mental health and substance abuse would also lead to exponential growth.

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Market Competition and Expansion:

Growth Opportunities: Expand service area throughout Nebraska and into Iowa, branch more into behavioral health, pursue license in mental health & substance abuse, expand into community support services (already approved to do this under Medicaid – has the potential to bring in $300,000 if new owner would take it on).

Reason for Selling:

Relocation

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 not a franchise resale opportunity.

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