Hot Listing
Walk Into $61k In Immediate Equity, Senior Care
Business Description
Many Active Accounts. *Appraisal Done.
$61,000 IN IMMEDIATE EQUITY — MOTIVATED SELLER. Appraised at $760,000 — Now Offered at Only $699,000! This is a rare opportunity to acquire an established, profitable business $61,000 below its appraised value. The seller is motivated to move quickly due to personal circumstances as reflected in the decreased price. That means a new owner walks in with approximately $61,000 in immediate equity! Hard to go wrong with that. This is a compelling opportunity for the right buyer looking for an established business at a price below its appraised value. The company is an in-home senior care franchise (resale). This is a tremendous opportunity both short-term and long-term. Not only will you realize a nice wage each year, but likely, in the next year or two, you’ll have a company that would likely go up significantly in appraisal value just by fixing some things that simply need a little more attention. That is not hyperbole, the numbers are quite realistic. We can explain this to you in more detail with an NDA in place, on a call. We specialize in selling these types of businesses (between 10 and 18 a year), so we know what the metrics for these companies are/should be and we also know several things that might fix the problems. For instance, currently, the margin is running significantly less than it should be and ...unfortunate extenuating circumstances with the current owner have not allowed them to run the company to the level of efficiency that it once was and should be. The point is, if you just roll up your sleeves just a little bit, and focus on a few things (we can likely point out these things about the company to help you) - you'll be on a glide path to a great retirement!
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 45%!
• Total purchase price:$699,000 (*Appraised Price is $760k)
• Down payment: $140,000 (approx. 20% x $699,000)
• Current SDE (cash flow of the business): $264,384
• Amount financed: $559,000 ($699,000 - $140,000)
• Debt service per year (annual note payment): $86,800 (10 years at 9.50% apprx.)
• SDE less debt service: $177,584 ($264,384 – $86,800=$177,584)
• Assume - New owner to pull $115,000 a year out of the business in wages.
• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $62,584 ($264,384 - $115,000 - $86,800 = $62,584). So even after paying your debt service and taking out $115k in a wage you should still have $62,584 to do with as you wish, pay down the debt early, take it out in additional wages, or go to Vegas!
• Annual Return on investment or your return on injected capital (down payment) year after year is 45%! ($62,584/$140,000 = 45%)
• 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. 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.
THE COMPANY:
This is a top-tier brand in the home care industry. 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, basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility.
APPRAISAL: The owner had a WALL STREET LEVEL APPRAISAL completed on the business. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 10 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams --The point is, it is a solid appraisal.
NDA.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 45%!
• Total purchase price:$699,000 (*Appraised Price is $760k)
• Down payment: $140,000 (approx. 20% x $699,000)
• Current SDE (cash flow of the business): $264,384
• Amount financed: $559,000 ($699,000 - $140,000)
• Debt service per year (annual note payment): $86,800 (10 years at 9.50% apprx.)
• SDE less debt service: $177,584 ($264,384 – $86,800=$177,584)
• Assume - New owner to pull $115,000 a year out of the business in wages.
• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $62,584 ($264,384 - $115,000 - $86,800 = $62,584). So even after paying your debt service and taking out $115k in a wage you should still have $62,584 to do with as you wish, pay down the debt early, take it out in additional wages, or go to Vegas!
• Annual Return on investment or your return on injected capital (down payment) year after year is 45%! ($62,584/$140,000 = 45%)
• 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. 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.
THE COMPANY:
This is a top-tier brand in the home care industry. 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, basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility.
APPRAISAL: The owner had a WALL STREET LEVEL APPRAISAL completed on the business. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 10 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams --The point is, it is a solid appraisal.
NDA.
About the Business
- Years in Operation
- 17
- Employees
- Admin Staff; Caregivers
- Facilities & Assets
- Established franchise resale. Super nice office space. Beautiful building and office decor. There are many active clients, including Government clients, and a great roster of high-quality caregivers, as well as trained/seasoned staff.
- Market Outlook / Competition
- 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.
- Opportunities for Growth
- Oversee the business on a daily basis. Implement aggressive marketing/advertising and sales strategies. Build referral sources. Build community relationships. Diversify services/Expand territory. Attend industry trade shows. Join business associations/chambers. Follow the franchise system.
About the Sale
- Seller Motivation
- Retirement.
- Transition Support
- YOU DO NOT NEED ANY EXPERIENCE IN THE MEDICAL INDUSTRY TO SUCCEED. 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.
Listing Info
- ID
- 2518309
- Listing Views
- 909
Listing ID: 2518309 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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