Listing ID: 81540
Business Overview
With the over 65 population in the U.S. expected to exceed 65 million by 2025, more and more people are in need of in-home senior care. The Company is fulfilling that crucial need, community-by-community, with one of the industry-leading senior care franchise networks nationwide. This is an opportunity to own your own business that is not only very profitable but also provides the personal satisfaction of knowing your services make a difference for seniors who want to stay in their homes as they age.
Business can be purchased with 10-15% down, and an SBA loan.
• The Company is a trusted home care agency with a stellar 17-year track record of success and profitability
• Leading franchise of a national homecare franchisor with over 200 locations
• Business includes six exceptional Phoenix-area territories
• Territory includes an affluent, densely populated, market of more than 268,000 seniors aged 65+
• Longstanding relationships with referral sources
• Active census ~80 clients generates ~ $5M in Revenue and ~$0.7M in EBITDA during COVID impacted year
• Typically in the $5.5M to $6.0M range with EBITDA from $0.8 to $1.0M
• Nearly 100% Private Pay and Long-Term Care insurance (LTCi) patients
• Long-Term Care insurance (LTCi) expertise drives ~40% of Revenue versus 13.8% national average, resulting in strong cashflow and operating margins
• Highly trained and experienced management team leads day-to-day operations- without need for owner intervention, a turnkey opportunity
• Employee register of 112 trained caregivers on staff provide customers reliable, quality care
• Arizona LLC formed in 2004
Financial
- Asking Price: N/A
- Cash Flow: N/A
- Gross Revenue: $5,000,000
- EBITDA: $700,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,360
- Lot Size:N/A
- Total Number of Employees:120
- Furniture, Fixtures and Equipment:N/A
Furnished and equipped office
Negotiable
Other business interests
This Business Is An Established Franchise
Additional Info
The venture was started in 2004, making the business 18 years old.
The company has 120 employees and resides in a building with approx. square footage of 2,360 sq ft.
The building is leased by the business for $5,113 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is extremely essential that you not rely totally on a vendor's word, yet rather, use the seller's answer along with your general due diligence. This will repaint a much more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Many times, companies have repeat clients, which develop the core of their everyday revenues. Particular elements such as brand-new competitors sprouting up around the area, roadway construction, and employee turnover can influence repeat consumers and also adversely affect future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning customer base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local median family income influence future revenue prospects?
