Listing ID: 79436
New, state-of-the-art, HIPAA compliant, Service Management and Electronic Visit Verification (EVV) software that can easily integrate into most any current system. Mobile friendly app with real time field communication. Along with Service Management and EVV software, Company offers other revenue service management solution products for home and community-based programs specializing in self-directed care models. The new and modern EVV technology has filled the gaps older solutions have left in the health care industry. The flexibility to add new features and/or make changes is a huge advantage of this business. The white-labeled learning management training and educational platform is valued added for onboarding and training new customers. in addition, the real-time configurations at provider level makes this an all-round superior product that currently exceeds the CMS/21st Century cures Act requirements.
- Asking Price: $6,500,000
- Cash Flow: $789,418
- Gross Revenue: $2,444,040
- EBITDA: N/A
- FF&E: $10,500
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
This Business Is Home Based
The company was started in 2013, making the business 9 years old.
The business has 7 employees and is located in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 entirely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is extremely crucial that you not rely absolutely on a seller's word, but instead, use the seller's answer combined with your overall due diligence. This will repaint a much more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new consumers? Many times, businesses have repeat customers, which develop the core of their daily profits. Particular factors such as brand-new competitors sprouting up around the location, roadway building and construction, and also personnel turnover can impact repeat consumers as well as negatively affect future earnings. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the chance to build a returning client base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional mean home income impact future earnings potential?