Senior Care Referral Biz, Lender Ready, 40% Proj. ROI,Appraised Price*

Seattle, WA
listing image
Asking Price:$1,299,000
Gross Revenue:$629,083
Cash Flow:$380,975
Established Year:2018
BUSINESS DESCRIPTION

Established Business. Training & Support Provided.

HIGHLIGHTS: This business is what we consider “senior care made simple” and a very good fit for a first-time business owner or seasoned professional alike. Why? Super high profit margins, only a few employees and a business model that will be with us in perpetuity. As owners of multiple businesses ourselves, including an international location, we should know. Not to mention we specialize in your traditional senior care businesses (sell about 10 to 18 per year) where you send a caregiver to a client’s home. Believe us, picking up referral fees for client placements is 10x easier than having 50-75 $18 per hour caregivers running around town (the proverbial cat herding). You have none of that!! In fact, if we lived there, we’d buy it ourselves and that’s not just something we say or some sort of joke, we’re dead serious about it. We don’t run across locations like this and for sure not doing the sales volume this one is doing. If nothing else, it’s likely worth your time to check out the details and we have 40 pages of them! This is an established franchise resale with historical sales, employees and accounts. (Established franchise resale.)

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 40%!
• Total purchase price: $1,299,000 (The price advertised is not an asking price, it is the *appraised price)
• Down payment: $260,000
• Current SDE (cash flow of the business): $380,975 (*weighted average)
• Amount financed: $1,039,000
• Debt service per year (annual note payment): $168,237
• SDE less debt service: $212,738
• Assume a New owner to pull $110,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $102,738; So even after paying your debt service AND taking out $110,000 in a wage you should still have $100k plus (left over) to do with as you wish; Pay down debt early, take it out in additional wages or go to Vegas!
• Annual return of investment on your injected capital/down payment each year is 40%; 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. Clearly in the stock market you would not be working in the company you held stock in.
• This scenario does not include working capital
• 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 advisor’s opinion and are comfortable with the presented numbers from the seller.

SALES/EARNINGS HISTORY (SDE):

2022 Sales: $327,608 / SDE: $249,450
2023 Sales: $501,716 / SDE $347,050
*2024 Sales(Projections): $629,083
*2024 SDE (Seller’s Discretionary Earnings): $380,975 *weighted average

*APPRAISAL: The owner had a Wall Street level appraisal done on the business. Wells Fargo and many other major banks use the same valuation firm for their internal appraisals - Translation - It is a Solid Appraisal.

CONTACT US TODAY for the NDA for a detailed discussion. We will email the NDA to you shortly after we receive your inquiry.


DETAILED INFORMATION
Location
Seattle, WA
Inventory
Not Included in asking price
Facilities
Well-Established franchise resale. Currently Home based. Option for brick and mortar office if buyer chooses. Huge service territory encompassing thousands of seniors. Trained staff.
Competition
Franchise Business Review lists senior service businesses in the top six recession-proof industries. The senior care industry is growing and will continue to grow with the senior population expecting to grow by 25% over the next 10 years.
Growth & Expansion
Oversee the business on a daily basis. Implement marketing strategies. Build referral sources. Build relationships. Attend industry trade shows. Join business associations
Support & Training
Extensive training and ongoing support provided by franchisor and seller. You will be trained on all you need to know to be successful and build your business. You do not need experience in the medical/health industry.
Reason for Selling
Retirement.
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Blue Stone Business Group
Blue Stone Business Group
Blue Stone Business Group