MergerPlace

22 Year Personal Care Services Co

Cincinnati, Ohio (Hamilton)


  • Asking Price: $1,597,000
  • Gross Income: $1,650,000
  • Cash Flow: $623,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $500,000
  • Listing ID: #213341
  • Established: 1996
  • Employees: 8

Business Description

The retirement aged owner of this independent personal care service company is proud of the last 3 - year sales & profit results all exceeding $1,600,000 annually with 2017 & 2018 owner earnings over $600,000. The owner has built a wonderful reputation in Greater Cincinnati for a qualified buyer to step in and continue the efforts of the long tenured (over 75 years) staff that is in place. This company has the largest professional staff in the Greater Cincinnati / Northern Kentucky area, trained in all aspects of their specialty. A buyer could add revenue by increasing focus in specialty services with a dedicated sales effort. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:

SBA loan qualified
Price includes all equipment
Attractively furnished 3,600 square foot office
Clean books and records – all numbers are verifiable
Significant recurring revenue from existing customers
Uses industry software for database, scheduling, pricing, etc.
Real estate is available in addition to the business asking price
Existing employees represent over 75 years with this company


Business Details

Primary Business Category: Services - Other Services
Location: Ohio
Metropolitan Area: Cincinnati
County: Hamilton

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8

Financial Information

Asking Price: $1,597,000
Gross Revenue: $1,650,000
Cash Flow: $623,000
EBITDA: $623,000
FF&E: $500,000
Seller Financing Available: No

Property Information

Facilities:

The facility is a total of 3,600 square feet and is attractively furnished with many private spaces where the employees work.

Growth & expansion opportunities:

Current owner feels that growing the business could be attained through expanding current services and branching out into other areas of their industry formulating programs to achieve considerable sales growth.

Competition:

To the owner’s knowledge, their company is the premier business in Greater Cincinnati in their industry and few, if any of their competitors, have the capabilities of their company.

Reason for selling:

The owner is of retirement age and would like to fully engage in retirement living.

Support & Training:

The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Dan Long

Cincinnati Business Brokers