Listing ID: 67595
VA Business Brokers is pleased to present this non-medical home health care business to the market. WE HAVE ANOTHER OFFERING IN SAME VERTICAL THAT COMBINING BOTH WOULD BE A WINNER FOR MINIMIZING FIXED COSTS.
The need for in-home care will continue to skyrocket as the Baby Boomers enter their later years. The ability to stay in the home is widely acknowledged to help promote independence and personal wellbeing.
Our Client is a non-medical caregiving and assistance service provided in the client”s home or care facility. The Company is a franchise that assists older, ill, or impaired adults with many of their daily needs including bathing, taking medication, household chores, meal preparation, weekly errands, transportation, companionship, and more.
This is a recession resilient investment! There will always be a need for in-home care.
The Seller established the San Antonio Franchise in 2014 and secured their first client in August of the same year. Revenue has grown 554% from $94,371 revenue in 2014 to $617,073 in 2020. The first quarter of 2021 is tracking similar to 2020.
Over the past 3 years (2018 – 2020), the Business has averaged $518,140 revenue and $83,091 in Seller’s Discretionary Earnings (SDE) which is a 16% SDE margin. Our Client realized $120,259 SDE, a 19.5% margin, for 2020.
The Seller owns multiple businesses. After 7 successful years with Visiting Angels, the Seller’s decision to focus on his other businesses is a great opportunity for the Buyer to start off strong with an established in-home care company backed by an award-winning franchisor.
The Company employs 23, had a deep client list, and tremendous room for growth.
This is a fantastic opportunity to own a profitable in-home caregiving business backed by the 23-year history of the award-winning franchisor. . The Buyer will start making money the moment they open the door. Don’t miss this incredible opportunity. It won’t last long.
- Asking Price: $340,000
- Cash Flow: $120,000
- Gross Revenue: $615,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:23
- Furniture, Fixtures and Equipment:N/A
The business was started in 2014, making the business 8 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. However, the real reason and the one they tell you might be 2 completely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is very crucial that you not depend entirely on a seller's word, yet rather, make use of the seller's solution in conjunction with your total due diligence. This will paint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new consumers? Often times, companies have repeat consumers, which form the core of their everyday earnings. Particular elements such as brand-new competition sprouting up around the location, road building, and employee turnover can impact repeat consumers as well as adversely influence future earnings. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the regional median family income effect future revenue prospects?