Successful Senior Care - 54% Proj. ROI

Cincinnati, OH
Hamilton County


Asking Price: Annual Revenue:
$375,000 $670,000

Services: Senior Living & Care, Assisted Living


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RE: Successful Senior Care - 54% Proj. ROI Broker: Seller of Business

Quick Facts

Asking Price: $375,000
Annual Revenue: $670,000
Net Profit: Not Disclosed
Cash Flow: $159,693
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 961655583
Broker Reference #: sh.FlorCIN

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Business Overview:

HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale) Selling for only 2.35x Earnings (*3 year weighted SDE). The company has been around for years with a great reputation and very little turn-over with caregivers (super unusual). Seller is retirement age and said “it’s time to sell”.

This is one of the few industries that has really weathered the covid storm. It is One of THE TOP Franchise brands in the NATION, with a reputation for putting MORE MONEY, as a percentage of sales, into YOUR pocket. Some other brands seem to have huge sales with low margins...Not the case normally with this brand and we have the income statements from multiple locations to prove it (contact us to discuss, with NDA in place). See for yourself below…the company is dropping roughly 22% of sales in 2020 (sales to SDE)... AND in one of their lower earnings years - we should add. Other years have been around 25%. Pencil this out for yourself.

Possible Deal Structure:
• Projected ROI of 54%
• Total purchase price: $375,000
• Down payment: $85,000
• SDE (what you would earn in the business): $159,693 (*3 year weighted average of SDE)
• Amount financed $290,000 ($375,000 - $85,000 = $290,000)
• Debt service per year (annual note payment): $38,635 (10 years at 6.00% apprx.)
• SDE less debt service: $121,058 ($159,693 – $38,635 = $121,058)
• Assume - New owner to pull $75,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service = $46,058 ($159,693 – $75,000 - $38,635 = $46,058)

• Return on investment or your return on injected capital (down payment) year after year = 54%! ($46,058/$85,000) Tough to get this in the stock market! Or take the extra $46k at the end of the year in wages and pull $121,000 out of the business. Or just take the $46k and go to Vegas! The point is...you should have quite a bit left over to do with as you wish (maybe pay down debt service earlier).

• This scenario does not include working capital. Likely to be secured with a bank as part of your loan package.

• 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.

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Sales/SDE
2018 Sales: $776,196 / SDE: $161,464
2019 Sales: $792,524 / SDE: $197,310
2020 Sales: $642,678 / SDE: $138,611
*2021 Proj. Sales: $670,000 / SDE: $147,000

3 year weighted average of SDE: $159,693*

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THE COMPANY... has many active clients and a great roster of high-quality caregivers, as well as trained/seasoned staff. 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.

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NO EXPERIENCE In The Medical Industry Is Needed. Extensive training and ongoing support provided by franchisor. Seller will provide training during transition also.

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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. Gross Revenue and Cash Flow stated by seller. Buyers should always verify all information with the seller and their own advisors before putting any money at risk.

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. Super nice, modern, well-equipped and nicely decorated offices. Plenty of parking. Trained staff, and many quality caregivers. Location offices 10-15 miles south-west of Cincinnati metro area.

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.

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 a franchise resale opportunity.

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