Successful Senior Care, Lender/SBA Ready, Appraised Price
Asking Price: | $5,050,000 |
Gross Revenue: | $5,712,529 |
Cash Flow: | $1,196,127 |
Established Year: | 2011 |
Huge Service Territory. Training/Support Provided.
HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale). This senior care location is on a solid 4 year UPWARD tear!! Huge business with large long-term government contracts that will transfer with the business as well as a lot of work being done with private pay clients. Solid internal staff and a very well-respected franchise brand with hundreds of locations across the U.S. You would wonder why the seller would sell the company with such an upward trend, but he’s owned it for years and it’s time to retire.
THE COMPANY:
Many active clients and a great roster of high-quality caregivers, as well as trained/seasoned staff. Huge geographical service territory. 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.
Finally, this particular location has an INCREDIBLE reputation in the community for providing this high quality non-medical in-home care and we think when you dive into this further, you’ll agree with that assessment.
APPRAISED PRICE:
The owner had a WALL STREET LEVEL APPRAISAL completed on the business. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 200 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams. The point is – we crunched the numbers and this is a solid appraisal.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 31%
• Total purchase price: $5,050,000 (The price advertised is not an asking price, it is the Appraised price)
• Down payment: $1,500,000
• Current SDE (cash flow of the business):$1,196,127 (2-year weighted average on SDE)
• Amount financed: $3,550,000
• Debt service per year (annual note payment): $580,803
• SDE less debt service: $615,324
• Assume a New owner to pull $150,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $465,324; So even after paying your debt service AND taking out $150,000 in a wage you should still have $465,324 (left over) to do with as you wish; Pay down debt early, take it out in additional or go to Vegas!
• 31%: 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%.
• This scenario does not include working capital and no working capital will go with the sale. Working capital would likely be secured with a bank as part of your loan package.
• 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:$3,540,120 / $532,248
2022:$3,984,066 / $742,121
2023:$4,819,233 / $1,063,753
2024 (projections): $5,712,529 / $1,328,501
SDE: $1,196,127* (2 year weighted average)
Sales: $5,712,529* (2 year weighted average)
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CONTACT US TODAY for the NDA. 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. *All information, data, financials, valuations, appraisals, inventory, FFE/Assets/Equipment, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Gross Revenue and Cash Flow stated by seller.