Listing ID: 73554
This profitable, private-owned Home Healthcare business was started over 10 year ago and now has locations in Columbus Ohio, Dayton Ohio & Cincinnati. They offer Homecare services such as RN, LPN, STNA and Home Health Aides. The company has already proven to be recession proof – and with 95 employees and contracts with Medicare, Medicaid & Passport this business is set to continue to grow.
This is a confidential listing and requires proof of funds, or fundability, along with a signed Non-Disclosure Agreement (NDA) in advance of additional information. However, once a buyer can show the financial wherewithal and the NDA is signed, a detailed business review packet is ready and available.
- Asking Price: $1,350,000
- Cash Flow: $308,283
- Gross Revenue: $1,821,011
- EBITDA: N/A
- FF&E: $14,180
- Inventory: $3,782
- Inventory Included: Yes
- Established: N/A
The sale shall include inventory valued at $3,782, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the real factor and the one they tell you might be 2 absolutely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in earnings, or an array of other reasons. This is why it is really important that you not rely entirely on a vendor's word, yet instead, make use of the seller's solution together with your overall due diligence. This will paint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations 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 penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new clients? Often times, operating businesses have repeat consumers, which create the core of their daily profits. Specific variables such as new competitors growing up around the location, roadway building, and employee turnover can influence repeat consumers and negatively affect future profits. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the local median home income impact future earnings potential?