Listing ID: 82438
Business Overview
This senior care business provides a wide range of non-medical “in-home” care, personal care, companionship, and home maker services. Our patients are people who are aging, disabled or rehabilitating. We make sure our patients remain comfortable while still being able to remain at their home or apartments and still enjoy independent lives. The business is partnered with a leading national provider. This is a very scalable business with unlimited earnings potential, serving an industry with explosive growth and stability. Truly a Recession Resistant Business in Senior Care poised for additional and explosive growth within this large and exclusive territory. Nearly 10,000 baby boomers will turn 65 each day over the next 15 years, fueling the aging population explosion. In 2030, 1- out-of-5 Americans (72 million people) will be 65 or older
As the new owner, you will have multiple revenue streams, marketing programs, technology, training, and support systems necessary to continue the growth of your business. How would you like to own a business that supports independence and dignity by allowing your clients to age with grace in the comfort of their own homes? We have a unique, award-winning system that creates the most clients, attracts the best caregivers and produces the highest gross profit margins in the industry. Full training and ongoing corporate support will be included with this business.
Contact Jarrod for detailed information about this business.
Financial
- Asking Price: $164,999
- Cash Flow: $379,000
- Gross Revenue: $1,895,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
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:3
- Furniture, Fixtures and Equipment:N/A
Contact for detailed information about this business.
Full training and support will be included.
Highly respected name in the industry.
The aging baby boomer generation is driving this growth for decades to come.
Additional Info
The business was established in 2003, making the business 19 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 entirely different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in profits, or a variety of other factors. This is why it is very crucial that you not depend absolutely on a vendor's word, yet instead, utilize the seller's answer along with your overall due diligence. This will paint a much more reasonable image of the business's existing scenario.
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. Many businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back 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 may have existing contracts with suppliers that have to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new clients? Often times, businesses have repeat customers, which form the core of their everyday earnings. Certain elements such as new competition sprouting up around the location, roadway building, as well as personnel turnover can impact repeat clients and adversely affect future revenues. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the regional typical household income effect future earnings prospects?
