Business Overview

Franchised senior care business with 10 years of history is looking to sell their large territory in the far western suburbs. Although there are limited clients with this agency, there is a good established territory available for the next owner. Buy yourself time with starting a new home care business with tremendous support from the franchise side. This business focuses on helping seniors with non-medical needs. The senior care industry continues to explode and this franchise has a unique approach to staffing with a market differentiator. Motivated seller that is willing to help transition a buyer!
9.5 years in business with an established southwest suburbs territory
Demand currently outweighs supply even with 3 competitors in this business’ service area.
limitless based on the ability to staff incoming cases

Financial

  • Asking Price: $95,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

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:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes, the owner will help transition for at least 2-4 weeks.

Purpose For Selling:

Owner moving to other business endeavors

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was established in 2012, making the business 10 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. However, the genuine reason vs the one they tell you may be 2 totally different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, yet instead, make use of the seller's response in conjunction with your total due diligence. This will paint an extra realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new consumers? Often times, companies have repeat consumers, which form the core of their everyday profits. Specific elements such as brand-new competitors sprouting up around the location, road building and construction, as well as employee turnover can affect repeat clients and also adversely affect future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the chance to construct a returning client base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood median house income effect future income potential?