Business Overview

This in non-medical in home senior care agency is licensed by the Illinois Department of Public Health. It is extremely established with years of history in the community and among the senior care network of service providers. This agency has billed over $1M in annual sales within it’s track record and is independent with all procedures, training, and policies ready to go for the next owner. There is more revenue provided to this agency than it can currently handle with a huge opportunity to scale quickly within a highly populated market! Margin is also much better with this agency due to it’s non-franchised, independent status. If you are adding on to your current agency or just getting into this space, this opportunity is definitely worth a look.

Financial

  • Asking Price: $375,000
  • Cash Flow: $80,000
  • Gross Revenue: $783,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

Focusing on other business ventures

Additional Info

The company was founded in 2010, making the business 12 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the real reason vs the one they say to you might be 2 completely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is really essential that you not depend entirely on a seller's word, but instead, use the seller's answer in conjunction with your overall due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that profit margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. 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 fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Specific variables such as brand-new competitors growing up around the location, roadway building and construction, as well as staff turnover can impact repeat customers and adversely affect future profits. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to develop a returning customer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the regional average house earnings influence future earnings prospects?