CT: Senior Care, Lender Ready, Appraised-Price*

New Haven, CT
New Haven County


Asking Price: Annual Revenue:
$857,000 $1,873,754

Services: Senior Living & Care, Assisted Living


Request More Information
Contact the Seller

RE: CT: Senior Care, Lender Ready, Appraised-Price* Broker: Blue Stone Business Group

Quick Facts

Asking Price: $857,000
Annual Revenue: $1,873,754
Net Profit: Not Disclosed
Cash Flow: $281,282
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 446855583
Broker Reference #: hh.ct.wall

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Highly Sought After Successful In-Home Senior Care (Franchise resale) - Established in 2013:

HIGHLIGHTS:

This is a MAJOR nationwide IN-HOME senior care FRANCHISE business with major accounts and a solid history of sales and earnings. Super low overhead! This company has been on an upward “tear” for the last 3.5 years, and 2021 will be its highest year ever! Here’s the cherry on top…this company runs out of the seller’s home!!! $1.8 million running out of a home office…doesn’t get much better than that. In fact, if we lived closer to this location we’d buy it ourselves!! No joke!

The business 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.

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

Projected ROI of 39%!
• Total purchase price: $857,000(Appraised Price)
• Down payment: $185,000
• Current SDE (cash flow of the business): $281,282 (2 year weighted from valuation)
• Amount financed: $672,000 ($857,000 -$185,000)
• Debt service per year (annual note payment): $89,932 (10 years at 6.0% apprx.)
• SDE less debt service: $191,350 ($281,282 – $89,932)
• Assume - New owner to pull $120,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages AND paying annual debt service: $71,350 ($281,282-89,932-120,000= 71,350). So even AFTER paying your debt service AND taking out $120k in a wage you should still have $71,350 to do with as you wish, pay down the debt early, take it out in additional wages, go to Vegas, etc.!

• Return on investment or your return on injected capital (down payment) year after year = 39%! ($71,350/$185,000 = 39%) >>>Tough to get even 10% in the stock market!

• 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.

APPRAISED PRICE:

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.

SALES/ REVENUE HISTORY:

2018: $267,986
2019: $612,462
2020: $1,243,501
2021 (predicted):$1,873,754

EXPERIENCE/TRAINING:

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*.

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. Cash Flow is weighted average – valuation. Gross Revenue 2021 projections. Information, data, financials stated by seller.

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. Modern, well-equipped. Quality caregivers. Huge service territory with 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. More recently driven by concerns brought on by COVID-19 the industry has seen an increased interest in in-home services as seniors and their families question the safety of moving into a group living situation such as a senior apartment, assisted living or nursing home. Additionally, those in the hospital are choosing to be released home with non-medical in-home care services instead of being transferred into a rehabilitation facility due to safety concerns. More seniors are now opting to age in place and bring help in or move in with family and hire additional support services to come into their family home. This is in addition to an earlier survey conducted by AARP that stated that at that time (prior to COVID) 86% of seniors wanted to age in place. Families also move their loved one out of assisted living and into their own home, hiring additional assistance due to their concerns about the safety of their loved one living in a group setting. Changes in the payment reimbursement model in January of 2020 for hospitals and skilled nursing has also increased client flow. Facilities are no longer able to keep patients as long as they once were under Medicare guidelines which has led to an increase in the need for in-home care.

Reason for Selling:

Retirement from industry.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!