Listing ID: 73400
The Home Health Care company offers a program that can be used in any retirement community. This program was designed by the owner who has a background as a nurse executive. Three service lines and a high level of intellectual property including all policies, procedures handbook, employee training program, and state compliance are in place for the new owner with a seamless transition into all components of the company. This makes the business “turnkey” for a new owner. Highly skilled and long-standing daily operations manager is very knowledgeable and is able to maintain and promote growth of the company.
Having a reputation of integrity and quality service, the Assisted Living Facility specializes in Memory Care. The RCF manager has extensive background in memory care and is certified in dementia care. Additionally, all training and state compliance protocols are designed by a seasoned nurse executive and provides an exceptional foundation of this business offering.
Memory care facility is located in a prime and highly accessible are of Central Ohio. Long term employees, along with a facility designed for Memory Care operations makes this an ideal business for a new owner.
- Asking Price: $585,000
- Cash Flow: $224,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,012
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
The offsite office for the Home Health Care business is leased for $750/mo. The Assisted Living Facility includes 5 beds, is 2,012 sq ft and sits on 1/2 acre in Central Ohio.
Sellers are willing to train a new owner.
Sellers are wanting to retire.
The company has 15 employees and is situated in a building with disclosed square footage of 2,012 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. However, the real reason vs the one they tell you might be 2 absolutely different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or an array of other factors. This is why it is extremely important that you not count entirely on a seller's word, but rather, utilize the seller's solution in conjunction with your overall due diligence. This will paint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new clients? Many times, operating businesses have repeat consumers, which develop the core of their daily earnings. Particular elements such as new competitors growing up around the location, roadway building and construction, and employee turnover can affect repeat clients as well as negatively impact future earnings. One crucial point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the neighborhood median household income effect future revenue prospects?