Asking Price: $800,000 Gross Revenue: $1,660,000Cash Flow: $184,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The current Managing Owner of this licensed personal care provider has built a valuable reputation for matching reliable and compatible caregivers with elderly clients that need daily living assistance to remain independent, safe and sound in the comfort of their homes. Service levels range from a few hours a day to around the clock.
Most of the growing elderly population within this exclusive service area intends to age in place. Many will need paid help to do so preferring to hire trusted nationally branded, locally owned providers. This company is one such provider. Current ownership seeks an accomplished, purpose driven Manager to purchase and run the company.
Ongoing client flow is enabled by a loyal network of recurring referral providers within the medical, senior, legal and financial communities as well as by an exceptional on-line presence and a powerful word of mouth apparatus fueled by thousands of satisfied families. The company also benefits from national advertising and ongoing support from its national franchised network.
About the Business
Number of Employees:
Six office staffers operate from a fully equipped, centrally located office in Hickory.
There is current a moratorium in North Carolina on any new home care licenses. This one is transferable. Senior Care alternatives to in-home care include group settings like nursing homes and skilled nursing facilities. Home care is the preferred option and lowest cost. Trusted, nationally branded providers have a distinct awareness and reputational advantage.
Growth & Expansion:
The oldest of the 78M US baby boomers turn 72 this year. Most don’t need home care today but approximately 78% will in the future.
Purpose, Passion & Profit – Home Care Provider, Hickory, NC
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