Listing ID: 73606
The owners of the successful Home Healthcare franchise business have continued to grow this business year over year with a record year in sales in 2020, and on pace for another record year in 2021. This fully staffed operation specializes in providing unskilled services and Medicaid transportation and is already profitable with an existing base of clients, and brand recognition to take this business to the next level. Because of the confidentiality of this listing, proof of funds, or fundability is required, along with a signed Non-Disclosure Agreement (NDA).
*Opportunity offers “Seller Financing Options”. Please refer to listing 84541-923982 and advisor Pat Bass when inquiring on this listing.
- Asking Price: $650,000
- Cash Flow: $219,601
- Gross Revenue: $1,473,858
- EBITDA: N/A
- FF&E: $48,284
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will train for 13 weeks at no cost.
This Business Is An Established Franchise
The company was founded in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the real factor vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is very essential that you not rely completely on a vendor's word, however rather, make use of the seller's response along with your general due diligence. This will paint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new consumers? Many times, businesses have repeat clients, which develop the core of their day-to-day revenues. Particular aspects such as new competitors growing up around the location, roadway building and construction, and also personnel turnover can impact repeat consumers as well as negatively influence future earnings. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the neighborhood median house income effect future revenue prospects?