Listing ID: 82829
Business Overview
This award-winning, market-leading provider of essential in-home personal care and medical staffing has demonstrated the pandemic-proof nature of its essential services by continuing to thrive. The Company has built a well-known reputation of reliability for its unique ability to match caregivers and field staff with local and national clients that need personalized home-based care or medical staffing services.
Revenue is primarily comprised of self-pay, elderly clients that need daily living assistance to stay safe and independent at home. They either pay out of pocket or from a long-term care insurance policy. Revenue is secondarily comprised of medical staffing in Assisting Living Facilities and schools. The field staff includes Certified Nurse Assistants, Licensed Practical Nurses and Registered Nurses.
The retiring founding franchisee who oversees the Company remotely from the US southeast shore seeks a high fit Managing Owner to purchase and run the company while preserving its compassionate care legacy centered around purpose, passion, and profit. The Company is among the largest and most profitable franchises in this nationally branded network of independent investor-operators.
Ongoing client flow is enabled by a loyal network of recurring referral providers within the medical, senior, legal and financial communities as well as by an exceptional online presence and powerful word of mouth apparatus fueled by hundreds of satisfied clients during the Company’s more than 12-year operating history.
Financial
- Asking Price: $7,525,000
- Cash Flow: $1,550,767
- Gross Revenue: $7,390,200
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
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:250
- Furniture, Fixtures and Equipment:N/A
11 office staffers operate from a fully equipped, centrally located office based in Wheaton.
Comprehensive training will be provided by the franchisor. Transition support and mentorship will be provided by the Seller. Relevant management experience required.
Retirement
Home based personal care providers are gaining substantial market share from facility care settings as families opt for the safer alternative of private, one on one care.
The vast majority of the service area’s 70,000 seniors intend to age in place.
Additional Info
The venture was founded in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nevertheless, the genuine factor and the one they tell you might be 2 totally different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, however rather, utilize the seller's response in conjunction with your general due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new clients? Most times, businesses have repeat customers, which create the core of their daily profits. Certain aspects such as new competition sprouting up around the area, road building and construction, as well as staff turnover can impact repeat customers as well as adversely affect future revenues. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the regional average home income impact future income prospects?
