Listing ID: 81589
A profitable and well-established in-home senior care services provider is ready for its next owner!
Highlights for 2021 includes increase in net clients, support team, revenues (nearly 40%, net income (more than 3 times) and adjusted cash flow (almost double) versus 2020.
Franchisor with a more than twenty year track record and a Chicagoland owner now in her fifth year will provide the necessary training and support to ensure a smooth transition for its growing, loyal customer base.
Medicaid waiver application is in progress and approval is expected in 2022.
Owner willing to provide seller financing to qualified buyers.
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- Asking Price: $124,900
- Cash Flow: $86,466
- Gross Revenue: $440,916
- EBITDA: N/A
- FF&E: $1,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:200
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2016, making the business 6 years old.
The deal does include inventory valued at $1,000, which is included in the requested price.
The company has 20 employees and resides in a building with disclosed square footage of 200 sq ft.
The property is leased by the company for $370 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. However, the true factor and the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is very important that you not depend entirely on a vendor's word, however instead, utilize the vendor's response along with your general due diligence. This will repaint a more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that earnings margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new consumers? Often times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain variables such as brand-new competitors growing up around the location, roadway building, and staff turn over can influence repeat customers and also adversely impact future incomes. One important thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the possibility to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? How might the local median home earnings influence future income potential?