Business Overview

Fast growing, high demand in-home senior care business serving the Houston area for over 20 years. Part of a National franchise with long history and solid reputation as a leader in non-medical home care industry. Strong relationships with hospitals, doctors, and long-term care facilities. Excellent local reputation for providing high quality, high touch non-medical care. Excellent history of revenue and profit growth.

Contact Dan Altom with Sunbelt Business Brokers at 281-440-5153 for complete details.

REF ID# N1996-DA

Financial

  • Asking Price: $1,395,000
  • Cash Flow: $455,000
  • Gross Revenue: $1,849,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1998

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:45
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Multi tenant, six story building. Space is 2,000 SF leased for $ 3,200 per month.

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Owner is ready for retirement

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was established in 1998, making the business 24 years old.

The business has 45 FTE / 20 PTE employees and is located in a building with estimated square footage of 2,000 sq ft.
The property is leased by the company for $3,200 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is very vital that you not rely completely on a seller's word, but instead, utilize the vendor's response combined with your total due diligence. This will paint a more sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new consumers? Most times, companies have repeat consumers, which develop the core of their everyday earnings. Certain factors such as brand-new competition growing up around the area, roadway building, and also employee turnover can impact repeat customers and also negatively influence future profits. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the greater the chance to build a returning consumer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the regional mean family earnings influence future revenue prospects?