MergerPlace

America’s Original Senior Placement Svcs

California (San Diego)


  • Asking Price: $200,000
  • Gross Income: $170,556
  • Cash Flow: $106,525
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $2,000
  • Listing ID: #201990
  • Established: 2013
  • Employees: 2 FT/1 PT

Business Description

This opportunity is a Senior Placement Franchise developed by one of the founders of the industry. It is a high profit, low overhead opportunity in the senior care market without the worry of hiring caregivers. Franchisees refer clients to assisted living and other senior housing communities and receive a commission.

9 hospitals and 12 skilled nursing facilities, containing 3700 beds of which 75% are contracted. The company purchased 2 additional zip codes late last June which netted 2 additional hospitals 1 of which is a solid referral partner and at the other, inroads have been established. 7 consistent referral partners (most are at least every week) average 7 placements/month. Densely populated - anywhere within the company's territory is within 30 minutes of San Diego, where it is sunny year round. Systems are in place and the company is running. The new owner has to go through the approval process of the Franchisor.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: California
County: San Diego

Company Information

Year Established: 2013
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 2 FT/1 PT

Financial Information

Asking Price: $200,000
Gross Revenue: $170,556
Cash Flow: $106,525
FF&E: $2,000
Seller Financing Available: No

Property Information

Facilities:

The current franchisee has an executive suite presence. Many of the company's franchisees do not have an office and do their work mostly out in the field. This franchisee also has two employees, although there are many franchisees that are able to this amount of work with no employees.

Growth & expansion opportunities:

There is plenty of room to grow despite the fact there is competition. In this case as well as all over the country the company looks at the competition as healthy need since it just highlights the differences with their competitors.

Competition:

This franchise unit has a very dense population/territory. North to south and east to west is only about 15 miles and easily traveled within 30 minutes. The owner was awarded last year as "Rising Star" and their region got Top Region for 2016 within the franchise. San Diego County is always referred to as the ideal region because of excellent franchisee cooperation and support. They have a stellar reputation here in San Diego but also much more room for growth. They are hosting a NPAC in September which will have huge exposure to their hospitals and skilled nursing facilities. All in all, great things are on the horizon in San Diego. There is plenty of room to grow despite the fact there is competition. In this case as well as all over the country, the franchisor looks at the competition as very healthy, since it highlights the differences with their competitors. The way this company helps the communities they are in is second to none and the brand recognition is getting better, with more locations.

Reason for selling:

Owner has some Personal issues that will be disclosed during Due Diligence. Potential buyer has to be approved by the Franchisor.

Support & Training:

Will train for 2 weeks @ no cost. The potential buyer will have to go through the process of being approved by the Franchisor. At the same time, they will get support from the seller, including training, etc. If the potential buyer decides to run the business, then they will have to be trained by the main office. There is also other training, which will be explained at the time of due diligence.

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Business Listed By:

Mark Tzalka

Murphy Business Brokers