Business Overview

This is a franchised home care agency with a fantastic northwestern suburban territory. This agency has been in business for 11 years and comes with management staff in place. Solid numbers and seller discretionary earnings with a track record are the foundation of this business with tremendous franchise support and training that are available. The owner is willing to transition a buyer into this agency. All current clients are come and go hours (i.e. no live-in) so there is tremendous room to grow beyond the established client base. They are also credentialed with the Veteran Affairs office and workers compensation organizations that provide opportunities for on-going customers in addition all weekly private pay inquiries! Inquire today about this “must see” agency.

Financial

  • Asking Price: $375,000
  • Cash Flow: $94,060
  • Gross Revenue: $439,611
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2011

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retiring

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was established in 2011, making the business 11 years old.
The transaction does include inventory valued at $1,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell companies. However, the real factor and the one they say to you may be 2 completely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of other reasons. This is why it is extremely important that you not count entirely on a seller's word, but instead, use the vendor's response in conjunction with your general due diligence. This will repaint a more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that earnings margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new customers? Many times, companies have repeat consumers, which develop the core of their everyday profits. Certain factors such as brand-new competitors growing up around the location, road building, and also personnel turnover can impact repeat consumers and adversely impact future incomes. One essential point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood average home earnings impact future earnings prospects?