Listing ID: 69846
Established over 35 years, this Home Health Agency is recognized as the premier provider of skilled care including Nursing, Home Health Aides, Physical, Occupational and Speech Therapy and Social Workers. State Licensed and Medicare Certified to provide services in NE Illinois. In network with all major insurance plans as well as Medicare and Medicaid. Owner wants to retire, capable staff in place. Building included.
- Asking Price: $1,000,000
- Cash Flow: $20,000
- Gross Revenue: $1,065,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1982
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The company was started in 1982, making the business 40 years old.
The business has 5 employees and is situated in a building with estimated square footage of 5,200 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is extremely vital that you not depend completely on a vendor's word, but rather, utilize the seller's solution together with your general due diligence. This will paint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Often times, businesses have repeat clients, which create the core of their everyday earnings. Certain factors such as brand-new competition sprouting up around the location, roadway building and construction, and staff turnover can influence repeat customers and also adversely impact future revenues. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood mean house income influence future earnings potential?