Business Overview

This is a NYC franchise, over 30 Private Pay cases. Established over 12 years. The agency is well run and managed with a satisfied clientele base. The company offers in-home senior care services, 24 hours a day all year long. All employees are screened and trained to perform bathing, dressing, incontinence care/toileting and mobility assistance among other specialty services.
The company is a New York State Department of Health LHCSA, Licensed in the 5 boroughs of NYC and one additional county in Long Island. Private insurance polices may cover and reimburse for the cost of home care services rendered by the company.

The business is priced to sell. Seller will provide-hands on training to ensure a smooth transition. The seller is seeking retirement.

For more information, please contact: mainbar@inbargroup.com

• Asking Price: $800,000
• Annual Cash Flow: $250,000
• Gross Revenue: $1,500,000
• FF&E: $5,000
• Employees: 37 FT 2 PT
• Monthly Rent: $1,800
• Weekly Payroll: $18,000
• Down Payment: Negotiable
• Open: 5 Days a week
• Building Size: 1,000 Sq Ft.
• Established – 2011
• Licensed 5 Boroughs
• 31 Cases

Financial

  • Asking Price: $800,000
  • Cash Flow: $250,000
  • Gross Revenue: $1,500,000
  • EBITDA: N/A
  • FF&E: $5,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:37
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will support and train to ensure a smooth transition.

Purpose For Selling:

Seller is retiring.

Opportunities and Growth:

There is plenty of room for growth and expansion.

Additional Info

The company was established in 2011, making the business 11 years old.

The business has 37 FT 2PT employees and resides in a building with disclosed square footage of 1,000 sq ft.
The real estate is leased by the company for $1,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell operating businesses. However, the true factor vs the one they say to you may be 2 entirely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a range of various other factors. This is why it is really vital that you not depend absolutely on a vendor's word, yet instead, use the seller's response combined with your general due diligence. This will repaint a more realistic picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in brand-new customers? Most times, companies have repeat clients, which develop the core of their day-to-day earnings. Particular aspects such as new competitors growing up around the location, roadway building, and also personnel turn over can impact repeat customers and also adversely impact future revenues. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the chance to build a returning customer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional median home earnings impact future earnings potential?