Listing ID: 76551
Business Overview
An established home care franchise is for sale in Metro Fort Worth, TX. The company provides non-medical home care services to its mainly senior clients. The business has a great reputation and is supported by 50+ employees, including a management team, as this business is run owner absentee. We are seeking a buyer that can be more involved in the business on an ongoing basis as the current owner has a full-time occupation and other business obligations.
Asking Price: $275,000
Training & Transition: 30 days included in sales price
Reason for Sale: Retirement & other business opportunities
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Financial
- Asking Price: $275,000
- Cash Flow: $115,870
- Gross Revenue: $1,191,029
- EBITDA: N/A
- FF&E: $19,434
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
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:55
- Furniture, Fixtures and Equipment:N/A
Office building.
Yes, 4 weeks.
Other business opportunities.
This Business Is An Established Franchise
Additional Info
The business was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. However, the real factor vs the one they say to you might be 2 entirely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of other factors. This is why it is really important that you not depend entirely on a vendor's word, yet instead, use the seller's answer along with your overall due diligence. This will paint a much more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too small. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise 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 contracts with suppliers that need to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Often times, companies have repeat consumers, which form the core of their everyday revenues. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, as well as staff turnover can influence repeat consumers and adversely impact future profits. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the local average home earnings influence future earnings potential?
