Prime Senior Care, Lender Ready, 58% Proj. ROI

Houston Heights, TX
Harris County


Asking Price: Annual Revenue:
$500,000 $1,136,107

Services: Senior Living & Care, Assisted Living


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RE: Prime Senior Care, Lender Ready, 58% Proj. ROI Broker: Blue Stone Business Group

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,136,107
Net Profit: Not Disclosed
Cash Flow: $227,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: Not Disclosed
BBN Listing #: 467355583
Broker Reference #: sh.tx.houston

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Business Overview:

Successful Location Selling For ONLY 2.20x Earnings!

HIGHLIGHTS:
HIGHLY SOUGHT AFTER In-Home Senior Care business (franchise resale). This non-medical senior care business is on a solid upward tear! The location has Several VERY unique programs that are proprietary to this company that should lead to long-term success for a buyer over and above the standard model. Contact us for the NDA to discuss the details.

The business has many active clients/accounts 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. Additionally, most businesses in this industry (probably why they are in such demand) have been VERY Covid resistant. 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!

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.

BUYERS: Time is of the essence…You may not want to wait on this business, as our last senior care transaction was under contract in 72 hours and the one prior to that in 24hours! 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):
• Projected ROI of 58%!
• Total purchase price: $500,000 (The price advertised is not an asking price, it is the *appraised price)
• Down payment: $125,000
• Current SDE (cash flow of the business; *projected 2022): *$227,000
• Amount financed: $375,000
• Debt service per year (annual note payment): $545,597
• SDE less debt service: $172,403
• Assume a New owner to pull $100,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $72,403; So even after paying your debt service AND taking out $100,000 in a wage you should still have $72,403 (left over) to do with as you wish; Pay down debt early, take it out in additional wages or go to Vegas!
• Annual return of investment on your injected capital/down payment each year...58%... 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. Clearly in the stock market you would not be working in the company you held stock in.
• This scenario does not include working capital and does assume you take over a key ownership position in the business that will require you to be there around 30 to 40hrs a week.
• 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/EARNINGS (SDE):
2020: $443,348 / $54,315
2021: $662,565/ $134,789
2022 (*projections): $1,136,107*/ $227,000*
APPRAISAL: The owner had a Wall Street level appraisal done on the business. Wells Fargo and many other major banks use the same valuation firm for their internal appraisals - Translation - It is a Solid Appraisal.

CONTACT US TODAY for the NDA for a detailed discussion.

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

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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