This Is A Successful Top Brand In-Home Senior Care business with many clients/accounts, well-seasoned staff and a huge roster of quality caregivers. The Location has been run semi-absentee for several years which has caused sales and earnings to be a bit more erratic than they normally would be. The company currently does non-medical work with seniors, but the brand can easily get into the skilled care area which the seller has not even touched. Translation…lots of room for growth!
For bank financing, buyer is required to put down $152,500 or 25% of the purchase price.
Sales: 2016: $2,165,230, 2017: $1993,431, 2018: $1,856,622 : 2019 (projected) $2,200,000.
Projected 44%* return on your investment!!!!!! (A good year in the stock market is 5 to 15%) -- Here's The Breakdown:
• Purchase price (This Is The Appraised Price) : $610,000.
• Scenario assumes a buyer will work in the business an supplant the general manager as this person will not be needed. Currently the seller is absentee.
• 25% down $152,500.
• Debt service on $457,500 = $66,030 per year ($457,500 @7.8% over 10 years roughly).
• Current weighted earnings (what the business throws off for the current seller) = $232,463.
• New owner to take out a $100,000 year salary.
• $66,433 left after new owner salary and paying the loan annually ($232,463 -$66,030 -$100,000 = $66,433).
• ROI = $66,433/ $152,500 = 44% return on your investment! Most inventors in the stock market are lucky to get a 10% return on their investment a year!! And what can you do with an extra $66,433k a year after making your wage and loan payments?! Short answer…A LOT!
• Also, The owner had a Wall Street level appraisal completed on the business which is the price that is stated. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 10 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams. The point is, this is a solid appraisal number.
*Important: Don’t take our word for it, you must have your accountant verify all of these calculations and see if they come to the same conclusion BEFORE you put any money at risk. We are confident when your accountant runs the numbers they will come to the same conclusion. Working capital is not calculated into these figures above.
No Experience In The Medical Industry Is Needed. Extensive training is provided by franchisor and seller and ongoing support provided to help you build your business.
Non-Disclosure Agreement (NDA) is required. The sale is confidential which is why we are not publishing sensitive financial information or the name. Information provided to qualified buyers with NDA in place.
*Gross Revenue and Cash Flow approximate and stated by seller. *Sales/Cash Flow 2018*All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Buyers should always verify all information with the seller and their own advisors before putting any money at risk. No brokers or students please.
Contact Us For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.
Modern, well-maintained, fully equipped offices. Trained staff. Quality caregivers.
Aggressive Marketing. Build Relationships / Referral Sources. Senior Care Is A Booming Market -- This business serves the RAPIDLY growing $1.8 trillion healthcare industry. Two thirds of home care recipients are over the age of 65. Seniors represent the largest, wealthiest, and fastest growing market segment in the U.S. There are over 40 million people over the age of 65. Over 1.4 million Americans are receiving some form of home care. By the age of 85, nearly 50% need some support with everyday activities. Changes in fertility, women's labor force participation, and increases in the divorce rate have reduced ability to personally take care of older family members. The US Census Bureau shows that this is the fastest growing segment of the population today. In the year 2000, over 600 million people were over age 60. By the year 2025, there will be 1.2 billion in that age range and over 2 billion by 2050.
The market for aging persons in need of home care and institutional clients is rapidly expanding. Already healthcare agencies are absolutely crucial to facilities lacking much needed staff. This trend will only continue considering the average age of the RN population. The average age of the RN population in March 2000 was estimated to be 45.2 years. In 2000, only 31.7% reported being under the age of 40. The most significant drop in numbers was seen among those RNs under the age of 35. In 1980, 40.5% of RNs were under the age of 35, compared to 18.3 percent in 2000. The RN population under 30 dropped from an estimated 25.1% in 1980 to only 9.1% in 2000 According to CNN, the baby boomers stand on the threshold of a big change. The oldest of them are nearing their 65th birthdays and their needs and wants are in flux. Their purchases will begin to revolve more around health care and housing than on rock and roll and athletic gear.
Retiring from this industry.
NO EXPERIENCE IN MEDICAL NEEDED. Extensive training provided by franchisor.