Business Overview

Home care agency providing non-medical care for the elderly and disabled for over 15 years. State licensed and trained caregivers offer support tailored for individual and family needs. Short-Term or long-term care with the flexibility of location and level of service.

Contact Dan Altom with Sunbelt Business Brokers at 281-440-5153 for complete details.

REF ID# N1982-DA

Financial

  • Asking Price: $150,000
  • Cash Flow: $41,000
  • Gross Revenue: $117,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Multi-tenant, small office space Leased for $ 318.85/month Lease expires December 2021, with renewal option

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Owners are ready to retire from the healthcare industry and focus their attentio

Opportunities and Growth:

Business could see tremendous possibilities with the full-time attention of a new owner.

Additional Info

The business was started in 2006, making the business 16 years old.

The business has 1 FTE / 2 PTE employees and is located in a building with approx. square footage of N/A sq ft.
The building is leased by the business for $318.85 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the real factor and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is really essential that you not depend entirely on a seller's word, but instead, utilize the vendor's response together with your overall due diligence. This will repaint an extra reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that profit margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Specific variables such as new competition growing up around the location, road building and construction, and staff turn over can impact repeat customers as well as adversely influence future earnings. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the greater the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the regional average family earnings influence future income prospects?