In-Home Senior Care, Walk Into Immediate $63,000 In Equity*

Harrisburg, PA
listing image
Asking Price:$650,000
Gross Revenue:$1,553,642
Cash Flow:$231,815
Established Year:2013
BUSINESS DESCRIPTION

Training/Support Provided. Many Active Accounts.

THIS IS ONE OF THE TOP IN-HOME (non-medical) SENIOR CARE FRANCHISES IN THE NATION – And - You Will Walk Into An Immediate $63,000 in Equity: The Seller had a *formal third party, Wall Street Level Appraisal done that came in at $713,000 – the listing price is $650,000 – Translation - You’re walking into an immediate $63k in equity right out of the gate. We used the same appraiser that most of the major banks use in their underwriting departments, Wells Fargo, US Bank, CIBC, Live Oak and over 200 other major banks, so when you get our data, you’ll know the numbers have been crunched. You should know that we sell most of our appraised businesses AT the appraisal price, however, the seller is sadly undergoing some personal concerns and wants to make this deal as easy for you as possible so he can move on quickly. Look over the deal structure and additional company information below.

Additionally, take advantage of a seasoned office staff, knowledgeable caregivers and an easy-to-follow business model with TONS OF IN-DEPTH TRAINING so you’ll get up to speed on virtually every aspect of this business BEFORE you are handed the keys! The business focuses on sending caregivers to a client’s personal home/residence to help them with daily life activities, such as light cleaning, food preparation, grocery shopping, walking with them and just basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility.**Location is situated in Central PA; West of Harrisburg metro area. Buyer and/or buyer’s partner(s) must be able to reside close to the location. This is not an absentee operated business.

Further, this particular franchise is so well known that you’ve probably seen their ads on TV regularly and they have a national ad spend that we believe is more than anyone’s. In fact, if we were to “rank” this brand, it would be the equivalent of McDonalds or Chipotle for the senior care industry!

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI): 47% Proj. ROI
• Total Purchase Price: $650,000
• Down payment: $130,000 (20%)
• Current SDE (cash flow of the business- weighted):$231,815
• Amount financed:$520,000
• Debt service per year (annual note payment): $85,075 (10 year at 10.754% approx.) or about $7k per month.
• SDE less debt service (annual note payment): $146,740
• Assume new owner wages a year: $85,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $61,740
• So even after paying your debt service each year and taking out $85,000 in a wage you should still have $61,740 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• Return on Investment: 47%....Annual return of investment on your injected capital/down payment each year. A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption is that you do actually work in the business similar to the way the current owner does now.
• This scenario does not include working capital and DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure. No working capital will be left in the business.
• Important: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisors opinion and are comfortable with the presented numbers from the seller.

SALES/SDE HISTORY:
2021: $1,637,199 / $257,939
2022: $1,436,278 / $209,136
2023: $1,553,642 / $226,108

Contact us for the NDA. We will email the online form shortly after your inquiry. Please be sure to check your spam folder as well. Non-Disclosure Agreement (NDA) is required.


DETAILED INFORMATION
Location
Harrisburg, PA
Inventory
Not Included in asking price
Facilities
Established franchise. Fully equipped office. Well-trained staff. Quality caregivers. Huge geographical service territory. Location is west of Harrisburg metro.
Competition
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. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful franchise businesses of the next few years will be ones that will provide cost-efficient services for the aging population.
Growth & Expansion
Implement aggressive marketing strategy. Build relationships in the community. Build strategic partnerships. Follow systems and marketing program created and honed by franchisor.
Support & Training
YOU DO NOT NEED ANY EXPERIENCE IN THE MEDICAL INDUSTRY TO SUCCEED. Extensive training and ongoing support provided by franchisor/seller. You will be trained on all you need to know to be successful and build your business.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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Blue Stone Business Group
Blue Stone Business Group
Blue Stone Business Group