Business For Sale

Successful In Home Senior Care - Scranton Area

Scranton, PA
Lackawanna County


Asking Price: Annual Revenue:
$1,110,000 $2,047,478

Services: Medical, Dental


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RE: Successful In Home Senior Care - Scranton Area Broker: Seller of Business

Quick Facts

Asking Price: $1,110,000
Annual Revenue: $2,047,478
Net Profit: Not Disclosed
Cash Flow: $339,391
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 234655583
Broker Reference #: Not Disclosed

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Business Overview:

This is an Exceptional In-Home Senior Care franchise with year-over-year sales increases for the last 4 years AND the business is already up 15% this year vs. last! This large turn-key senior care business primarily focuses on non-medical, in-home care with even more growth to be realized if you decided to work in a couple of other sectors within this industry that the seller has not even “tapped”. Sale encompasses TWO territories in the Clarks Summit / Tannersville area. Huge client base, quality caregivers, staff, great offices. Note: Seller will also consider selling the property -- Not included in the calculations below -- at roughly $260,000.

*Listed Price for this business is the Appraised Price NOT An Asking Price.*

Your expected return on injected equity (your down payment) is a healthy 50% per year!!! Here’s the breakdown:

• Projected Return On Investment (ROI) of 50%!!
• Total Purchase Price: $1,110,000 (This is the Appraised Price).
• Down Payment: 20% or $222,000 ($1,110,000 X 20% = $222,000).
• Current SDE (What You Would Earn In The Business): $100,000.
• Amount Financed $888,000 ($1,110,000 - $222,000 = $888,000).
• Debt Service Per Year: $129,287 (10 Years At 8.00% Approx.).
• SDE Less Owner Salary: $239,391 ($339,391 - $100,000 = $239,391).
• Assume New Owner To Pull $100,000/Year Out Of The Business In Wages.
• Remaining Cash Flow After Owner Salary And Debt Service = $110,104 ($339,391 – $100,000 – $129,287 = $110,104).
• Return On Investment Or Your Return On Injected Capital (Down Payment) Year After Year = 50%! ($110,104/$222,000 = 50%) --- Tough To Get This In The Stock Market!
• This Scenario Doesn’t Not Include Working Capital Nor Does It Take Into Account A Possibly Lower Overall Negotiated Price.
• *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 A 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.

•20% of the purchase price required for the down payment. An additional $80k to $100k needed in available working capital which can probably be secured with the loan.

•For buyers with good credit, good business background, collateral and verifiable funds. Other requirements may be required, but To Be Determined.

•Sales History: 2015:$1,470,167; 2016:$1,612,016; 2017:$1,868,510; 2018: $2,047,478.
•Weighted average earnings: $339,391.

*Gross Revenue and Cash Flow approximate and stated by seller. *All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer’s own professional advisors, CPA, etc. Buyers should always verify all information with the seller and their own independent advisors before putting any money at risk. No students or anyone under 18 years of age, or brokers, please.

Sale is confidential. Non-Disclosure Agreement required. Information provided to qualified buyers with NDA in place.

Contact Us For more information. We will email the short online NDA within just a few minutes of your inquiry. Be sure to Check your junk/spam email folders.

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:

Two established locations in the Clarks Summit / Tannersville areas. Huge service territory. Accounts/Clients, referral sources, quality caregivers, staff in place. Prime location. Furnished offices, equipment, etc.

Market Competition and Expansion:

The market for aging persons in need of home care and institutional clients is rapidly expanding. Already healthcare agencies are absolutely crucial to facilities lacking much needed staff. This trend will only continue considering the average age of the RN population. The average age of the RN population in March 2000 was estimated to be 45.2 years. In 2000, only 31.7% reported being under the age of 40. The most significant drop in numbers was seen among those RNs under the age of 35. In 1980, 40.5% of RNs were under the age of 35, compared to 18.3 percent in 2000. The RN population under 30 dropped from an estimated 25.1% in 1980 to only 9.1% in 2000 According to CNN, the baby boomers stand on the threshold of a big change. The oldest of them are nearing their 65th birthdays and their needs and wants are in flux. Their purchases will begin to revolve more around health care and housing than on rock and roll and athletic gear. *************************************************************************** Why is there a boom in the service area?--- Beyond elder care. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful franchise businesses of the next few years will be ones that will provide cost-efficient services, both medical and non-medical, for the aging population of the United States. According to the U.S. census, between the years of 2000-2010, the population between the ages of 18-44 is decreasing 1%. The population between the ages of 45-54 is increasing 21%. However, the population of ages between 55-64 is increasing at 47%. People between the ages of 44-65 are the “New Customer Majority.” Their market is 45% larger than the 18-43 market and will be over 60% larger by 2010. According to David Wolfe and Robert Snyder in Ageless Marketing, “The New Customer Majority is the only adult market with realistic prospects for significant sales growth in dozens of product lines for thousands of companies.” ************************************************************************** The senior Care Environment--- Long-term Care Demand and Our Aging Population The market for long-term care is rapidly increasing which will increase the demand for our services in nursing homes, hospitals and private duty assignments. According to the U.S. Census Bureau, the elderly population (persons 65 years old and over) increased eleven-fold between 1900 and 1994; the non-elderly increased only threefold. Under the Census Bureau's middle series projections, the number of persons 65 years old and over would more than double by the middle of this century to 80 million (up from 33 million in 1994). By the year 2030, about 1 in 5 Americans will be elderly. The oldest old is the fastest growing segment of the elderly population. The oldest old (persons 85 years old and over) are a small but rapidly growing group, comprising just over 1% of the American population in 1994. From 1960 to 1994, this group increased 274% to 3.5 million, compared with an increase of 100% for persons 65 years old and over, and an increase of 45% for the total population. Overall, the oldest old were projected to be the fastest growing part of the elderly population as we entered this century and beyond. By 2020, the U.S. population over the age of 65 is projected to grow to 55 million while the population over the age of 85 is projected to increase by four times to over 13 million. As age increases, the need for long-term care also increases. ************************************************************************ Shortage of Nurses--- There is an acute shortage in the United States of registered nurses. A recent study published by the American Hospital Association states that the average age of a nurse is 45 years old and that less than 10% of all nurses are under the age of 30. This coupled with the dynamics of an aging population and increased government requirements for staffing at hospitals and nursing homes have created a substantial demand for our services. We believe that competition for qualified personnel will continue to increase and that our benefits and methods of "sharing the success" with our employees will make us an attractive employer in the marketplace and allow us to be the most attractive answer when individuals are looking for employment. ********************************************************************* Why Would Nurses Become Contract Workers Instead of Full-time Employees?--- Many nurses are switching from demanding shift positions in traditional settings to contract staffing. For a comparable salary and benefits, an employee has more flexibility and control over their schedule, vacations and holidays and less risk. Some nurses enjoy doing a variety of jobs in which they can use many of their skills and others prefer to use one specialty, contract work allows these options. ************************************************************************* Professional Licensure and Corporate Practice--- Nurses and other healthcare professionals employed by us are required to be individually licensed or certified under applicable state law and we will check with the state to ensure each license is valid and has no disciplinary action against it. Our comprehensive compliance program will be designed to ensure that all employees possess all necessary licenses and certifications and comply with all applicable state laws.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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