Listing ID: 82791
Business Overview
More than ever, families rely on non-clinical caregivers to keep their elderly loved ones safe from infectious diseases while enabling them to age in place with dignity and grace. This nationally branded franchise provider of personalized care for seniors is poised for substantial growth. The retiring owner seeks an aspiring Managing Owner to tap the growth opportunity.
With two franchise territories comprised of a senior population of more than 80,000 and a workforce of more than 50 compassionate caregivers, the Company serves families in and around North Hills and South Hills. Revenue is generated from self-pay clients that either pay out of pocket or with the help of long-term care insurance. As such, the Company sets its own rates and is not beholden to fixed reimbursement rates from Medicare, Medicaid, or insurance companies.
Ever expanding demand is being fueled by a) an aging baby boomer population the oldest of whom turn 76 this year, b) families opting for the safer alternative of one-on-one home care over community care settings like nursing homes, and c) the high awareness of the essential nature of home care this side of the pandemic.
The Company’s highly recognizable brand and award-winning reputation is a competitive point of differentiation.
Financial
- Asking Price: $725,000
- Cash Flow: $235,985
- Gross Revenue: $1,445,749
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
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:60
- Furniture, Fixtures and Equipment:N/A
A high performance team of four (4) office staffers coordinate care from two fully equipped, centrally located offices.
Industry experience is not required. Comprehensive mentorship, training and transition support will be provided by the Seller and franchisor.
Retirement
Senior living assistance solutions include in-home care and facility settings like residential care communities and assisted living facilities. In-Home Care is preferred by the vast majority.
In less than ten years, all 83M US Baby Boomers will be age 65 or older. The industry refers to this as the “Silver Tsunami.”
Additional Info
The venture was established in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or an array of other factors. This is why it is very important that you not count totally on a seller's word, yet rather, use the vendor's answer combined with your general due diligence. This will repaint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too small. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Specific elements such as brand-new competitors growing up around the location, roadway building and construction, and employee turn over can affect repeat clients and also adversely affect future revenues. One important point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional median house income influence future earnings potential?
