COLUMBUS, Mississippi
| Asking Price |
$1,710,000 |
Year Established |
2010 |
|
| Annual Revenue |
$5,024,511 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Blue Stone |
|
| Annual Cash Flow |
$493,058 |
Listing Number |
1019252 |
|
| # of Employees |
|
Business Category |
Services: Senior Living & Care, Assisted Living |
|
Business Overview:
This “in-home” senior care business (franchise resale) has a huge government contract that they've had for years. However, this is not the only revenue generator that the company could focus on. The primary business model has been put on the back burner to focus on the government contract, But this program, while stable, yields a much lower profit margin. The growth potential for the primary business model, which is private-pay in-home senior care, has a much better profit margin, because the rates are higher, and the sales from doing private pay could reach as high as they're currently doing now, if not higher. Working out the private pay program and continuing on with the current program could literally put you into the $8 million sales range if not higher. And with just a bit better profit margin on $8 million in sales, this company could be generating closer to $1.2 million in discretionary earnings a year. Have a discussion with us and we can pencil this out for you in detail and then have those results reviewed by your financial advisor before you put any money at risk on this company, but we feel the numbers will hold up.
Property Features and Assets:
<p>Well-Established franchise resale. Located in a modern, fully equipped, well-decorated office space. Trained staff, many quality caregivers. Great service territory encompassing thousands of seniors.</p><p> </p>
Market Competition and Expansion:
<p>Competition:</p><p> </p><p>This is an industry that is highly sought after, recession resistant, and it’s GROWING massively every year! In fact, the industry can’t even handle the client needs now! This particular location has an INCREDIBLE reputation in the community for providing high-quality in-home care - and we think when you dive into this further, you’ll agree with that assessment.</p><p> </p><p>Growth & Expansion:</p><p> </p><p>Oversee the business on a daily basis, oversee staff, sales, marketing. Implement aggressive marketing/advertising strategies. Build referral sources. Build community relationships. Diversify services. Attend industry trade shows. Join business associations/chambers. 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, plus.</p><p> </p>
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