Listing ID: 76606
A Single Seller in South Orange County is selling a well established business that contains 3 properties and 3 ARF businesses. The Properties are available for purchase or lease or a combination of the two. The properties have been completely renovated and are in an exclusive guard gated community. Families love the beautiful homes and census is always high. This is an incredibly rewarding business that you will provide joy as well as an incredible income at the same time.
- Asking Price: $1,995,500
- Cash Flow: $55,800
- Gross Revenue: $105,388
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:8,433
- Lot Size:N/A
- Total Number of Employees:21
- Furniture, Fixtures and Equipment:N/A
The 3 completely renovated and remodeled homes are; 1.) $1.6M - 3,434 sq feet / 5 bedroom / 3 bathroom incredible estate. You could live upstairs and operate the business downstairs as the current owner does. 2.) $1.275M - 2866 Sq ft / 6 bedroom / 3 bathroom 3.) $875K - 2,133 sq ft / 5 bedroom / 3 bathroom These properties are available for sale. Seller is willing to lease some or all along with an option to purchase.
The Seller is willing to train and consult the Buyer and stay on for up to 12 months in a supportive role until Buyer is ready to completely take over operations. The Seller truly wants you to succeed! ARF Administrator Certification is Required. The long-time, experienced staff will be remaining to help ensure a continued, smooth operation for the new owner.
After nearly 30 years, the Seller is ready to move on to other projects.
There is very little competition in this area as one of the facilities is the only licensed Small Family Group Home in the entire area. All 3 facilities are just blocks from each other and easy to manage.
The venture was started in 1997, making the business 25 years old.
The company has 21 employees and is located in a building with estimated square footage of 8,433 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is really essential that you not depend absolutely on a seller's word, but rather, utilize the vendor's solution along with your general due diligence. This will paint a more reasonable picture of the business's present situation.
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 offer. Many businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back various 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 might have existing agreements with vendors that have to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new customers? Often times, businesses have repeat clients, which form the core of their daily profits. Certain elements such as new competition sprouting up around the location, roadway building and construction, and employee turnover can influence repeat consumers and adversely influence future profits. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood median home earnings influence future revenue prospects?