Listing ID: 82844
This is rapidly growing premier In-Home Care service that provides hygiene support, physical assistance and companionship for aging and disabled loved ones who wish to remain at home versus being placed in outside facilities. The business follows all current CDC guidelines and strives to match care givers with specific client needs. The business provides services 24 hours a day, 7 days a week if needed. The aging population demographics overall and in this territory make this a very desirable market segment. Compassion, and Sales and Marketing skills will be key ingredients for continued dynamic growth of this business.
- Asking Price: $240,000
- Cash Flow: $99,131
- Gross Revenue: $502,563
- EBITDA: N/A
- FF&E: $5,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
Professional office in a strip center.
Seller will assist in a smooth ownership transition.
The business was started in 2018, making the business 4 years old.
The company has 25 employees and resides in a building with estimated square footage of 1,000 sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not depend absolutely on a seller's word, however rather, utilize the seller's answer together with your total due diligence. This will repaint a much more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various 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 might have existing agreements with vendors that need to be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new clients? Many times, businesses have repeat clients, which create the core of their everyday profits. Certain factors such as new competition sprouting up around the location, roadway construction, and personnel turn over can impact repeat clients and adversely affect future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the opportunity to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean house earnings impact future earnings prospects?