Business Overview

This well established home care services business has been the leading provider of elder care for over the past 20 years. Non-medical care. Their care givers provide in-home assistance.

28 total employees, growing business, cash flow positive….this is an excellent opportunity in the Central Iowa market.

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Financial

  • Asking Price: $349,000
  • Cash Flow: $122,099
  • Gross Revenue: $589,600
  • EBITDA: $139,593
  • FF&E: $12,500
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:500
  • Lot Size:N/A
  • Total Number of Employees:28
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

500 sq. ft facility

Is Support & Training Included:

Negotiable. This is a franchise - one week training.

Purpose For Selling:

Retirement

Opportunities and Growth:

Excellent market. Des Moines area is growing and with an aging population...this type of business/service will be in great demand.

Additional Info

The business was founded in 2016, making the business 6 years old.
The sale will include inventory valued at $1,000, which is included in the asking price.

The company has 28 employees and is located in a building with disclosed square footage of 500 sq ft.
The real estate is leased by the business for $302 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is very vital that you not rely absolutely on a vendor's word, but rather, make use of the vendor's solution combined with your general due diligence. This will repaint a more realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too small. Numerous businesses come 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 commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Most times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Certain elements such as brand-new competitors growing up around the area, road building and construction, and personnel turn over can impact repeat customers and adversely impact future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the possibility to develop a returning client base. A last thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average home income effect future earnings potential?