Listing ID: 73185
This is a Home Healthcare Care License and Medicare Number asset sale only, held in a new legal entity. Operations were suspended by seller at start of 2022 to focus on the core business of ambulatory clinics operators with specific focus on managing chronic conditions of senior citizens. Revenues in 2021 were approx. $583,000 in commercial accounts alone (no Medicare/Medicaid). Additionally, the group has referred approx. $724,000 to outside competing agencies to remain compliant with self-referral regulations. An existing operator would have immediate gains in a sizable market. Inquire for more details.
- Asking Price: $200,000
- Cash Flow: N/A
- Gross Revenue: $583,532
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Divesting business unit to maximize its potential
The business was established in 2020, making the business 2 years old.
The company has 7 employees and is situated in a building with approx. square footage of N/A sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 totally different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or an array of other factors. This is why it is extremely important that you not count totally on a seller's word, yet rather, utilize the seller's answer combined with your overall due diligence. This will repaint an extra sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new customers? Many times, companies have repeat clients, which form the core of their everyday profits. Particular variables such as new competition sprouting up around the area, roadway construction, and also staff turnover can impact repeat consumers and also adversely influence future revenues. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the regional mean household earnings effect future revenue potential?