Listing ID: 79427
Background & Focus
From its beginning in 1989, was destined to become the leading home care agency on the East Coast. That is because Options never lost sight of what its clients wanted.
Has the highest possible standards in screening their caregivers (Our Caregivers)
Maintains substantial rosters of caregivers
Maintains highly experienced, friendly, and courteous office staff (Client Testimonials)
Comes up with the right Aide for every set of circumstances
Responds to emergencies quickly, day or night with Options’ “Instant” Response
Provides convenience and practical solutions at every turn (Our Services)
The result has been a uniquely qualified organization with unmatched human resources and neighborhood offices covering hundreds of communities across the Eastern United States.
- Asking Price: $61,500
- Cash Flow: $35,152
- Gross Revenue: $75,660
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
You can work from home or lease office space to your needs, as you scale.
Corporate Training is available with continuous backend support
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. However, the true reason vs the one they say to you may be 2 totally different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is extremely vital that you not rely completely on a seller's word, yet rather, make use of the vendor's answer in conjunction with your general due diligence. This will paint an extra practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new consumers? Most times, businesses have repeat consumers, which develop the core of their daily profits. Certain variables such as brand-new competition sprouting up around the area, road building and construction, as well as staff turn over can impact repeat clients and also negatively influence future incomes. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the possibility to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the regional mean family earnings impact future revenue prospects?