Seller's Contact Information
- RE: Prime Senior Care Selling For Only 2.3xCashFlow
- Contact: Blue Stone Business Group
Quick Facts
Asking Price: | $537,000 | |
Annual Revenue: | $959,478 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $231,815 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | Not Disclosed | |
BBN Listing #: | 426455583 | |
Broker Reference #: | SH.TX.HOUSTON |
Business Overview:
HIGHLIGHTS:
Highly Sought After In-Home Senior Care business (franchise resale). This non-medical senior care business is on a solid upward tear! Earnings margin is excellent, running around 24% of sales when many locations struggle to get to 18%! 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.
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.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 51%!
• Total purchase price: $537,000
• Down payment: $134,000 (25%)
• Current SDE (cash flow of the business; 2022 year-end): *$231,815
• Amount financed: $403,000
• Debt service per year (annual note payment): $63,908
• SDE less debt service: $167,907
• 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: $67,907; So even after paying your debt service AND taking out $100,000 in a wage you should still have $67,907 (left over) to do with as you wish; Pay down debt early, take it out in additional wages or go to Vegas!
• 51%...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. 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 advisor’s opinion and are comfortable with the presented numbers from the seller.
SALES/EARNINGS HISTORY (SDE):
2020 Sales/SDE: $443,348 / $54,315
2021 Sales/SDE: $662,565/ $134,789
2022 SDE : $231,815* 2022 year-end
2022 Sales: $959,478* 2022 year-end
CONTACT US TODAY for the NDA for a detailed discussion.
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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 homebased business opportunity.
- This is a franchise resale opportunity
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