Senior Care - Lender Ready, 55% Proj. ROI

Charleston, SC
Charleston County

South of Downtown


Asking Price: Annual Revenue:
$800,000 $1,713,254

Services: Senior Living & Care, Assisted Living


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RE: Senior Care - Lender Ready, 55% Proj. ROI Broker: Seller of Business

Quick Facts

Asking Price: $800,000
Annual Revenue: $1,713,254
Net Profit: Not Disclosed
Cash Flow: $273,333
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: Not Disclosed
BBN Listing #: 853455583
Broker Reference #: sh.sc.charles

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Business Overview:

Appraised Price* Prime Location Selling for ONLY 2.9x Earnings!

HIGHLIGHTS:
HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale). Solid 4-year uptrend that should be highly sustainable for a new buyer going forward. Nice Veterans program in place with mostly private pay clients. Translation…highly sustainable sales mix which is exactly what you’d want as a buyer. NOTE: Office located south of Charleston metro area, about an hour and a half - and will require the buyer to likely relocate to this beautiful area to manage the business daily.

THE COMPANY:
Many active clients and a great roster of high-quality caregivers, as well as trained/seasoned staff. 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.

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):
• Total Purchase Price:$800,000 [Appraised price (not an asking price)]
• Down payment: $160,000
• Current SDE (cash flow of the business)$273,333
• Amount financed:$640,000
• Debt service per year (annual note payment):$86,037 (10 year at 6.20% approx.)
• SDE less debt service:$187,296
• Assume new owner wages a year:$100,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $87,296 --- So even after paying your debt service each year and taking out $100,000 in a wage you should still have $87,296 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• 55% ....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 for this model, is that you actually work in the business similar to the way the current owner does now. Clearly in the stock market you would not be working in the company you held stock in.
• 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: $409,898 / $4,301
2019: $1,431,328 / $204,467
2020: $1,710,229 / $255,604
2021: $1,713,254 / $273,333

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. 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.

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, many quality caregivers. Great service territory encompassing 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.

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 a homebased business opportunity.
  • This is a franchise resale opportunity.

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