Successful Senior Care, Lender Ready, Appraised*

Hartford, CT
Hartford County


Asking Price: Annual Revenue:
$857,000 $1,945,039

Services: Senior Living & Care, Assisted Living


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RE: Successful Senior Care, Lender Ready, Appraised* Broker: Seller of Business

Quick Facts

Asking Price: $857,000
Annual Revenue: $1,945,039
Net Profit: Not Disclosed
Cash Flow: $307,737
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 64355583
Broker Reference #: hh.ct.wall

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Business Overview:


This is a MAJOR nationwide IN-HOME senior care FRANCHISE business with major accounts and a solid history of sales and earnings - Encompasses Two Huge Service Territories. Super low overhead! This company has been on an upward “tear” for the last 3.5 years, and 2021 was the highest year ever!

Additionally, most businesses in this industry (probably why they are in such demand) have been VERY Covid resistant and this location is no exception! 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 50%!
• Total purchase price: $857,000(Appraised Price)
• Down payment: $200,000
• Current SDE (cash flow of the business): $ 307,737 (2021)
• Amount financed: $657,000
• Debt service per year (annual note payment): $87,528 (10 years at 6.0% apprx.)
• SDE less debt service: $219,471
• 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: $99,471. So even AFTER paying your debt service AND taking out $120k in a wage you should still have $99,471 to do with as you wish, pay down the debt early, take it out in additional wages, go to Vegas, etc.!

• 50% ... 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 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 HISTORY:

2018: $267,986
2019: $612,462
2020: $1,243,501

SDE for 2021: $307,737
Sales for 2021: $1,945,039

Contact us for the NDA. We will contact you and email the online form shortly after your inquiry. Please be sure to check your spam folder as well.

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Property Features and Assets:

Well-Established franchise. 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.

Reason for Selling:

Retirement

Additional Details:

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

Relevant Links:

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