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Listed by:

Blue Stone Business Group

Prime Senior Care, Lender Ready, Appraised Price For Sale

Hartford, Connecticut, US
Asking Price:
$857,000
Sales Revenue:
$1,945,039
Cash Flow:
$307,737

This is a MAJOR nationwide IN-HOME senior care FRANCHISE business with major
accounts and a solid history of sales and earnings - Encompasses Two Huge Service
Territories. Super low overhead! This company has been on an upward “tear” for the last
3.5 years, and 2021 was the highest year ever!

Additionally, most businesses in this industry (probably why they are in such demand) have
been VERY Covid resistant and this location is no exception! In fact, due to so many issues
with Assisted Living Facilities (lockouts, deaths) this business model has been
overwhelmed and will likely stay this way for years and years to come…not that it wasn’t
pre-covid. So, the takeaway here, is that THIS business model will likely be with us in
perpetuity!

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.

BUYERS:

Time is of the essence…You may not want to wait on this business, as our last senior care
transaction was under contract in 72 hours and the one prior to that in 24hours! We had one

location last year that we didn’t even advertise, and it sold for full price and closed in 45
days! Translation….This is a very in-demand business model and they go fast when they
are properly presented…as you see here.

POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
Projected ROI of 50%!
• Total purchase price: $857,000(Appraised Price)
• Down payment: $200,000
• Current SDE (cash flow of the business): $ 307,737 (2021)
• Amount financed: $657,000
• Debt service per year (annual note payment): $87,528 (10 years at 6.0% apprx.)
• SDE less debt service: $219,471
• Assume - New owner to pull $120,000 a year out of the business in wages.
• Remaining SDE (cash flow) after owner wages AND paying annual debt service: $99,471.
So even AFTER paying your debt service AND taking out $120k in a wage you should still
have $99,471 to do with as you wish, pay down the debt early, take it out in additional
wages, go to Vegas, etc.!
• 50% ... 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. Clearly in the stock market you would not be working in the company you held
stock in.
• This scenario does not include working capital and does assume you take over a key
ownership position in the business that will require you to be there around 30 to 40hrs a
week.
• 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.

APPRAISED PRICE:
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,
this is a solid appraisal number.

SALES HISTORY:
2018: $267,986
2019: $612,462
2020: $1,243,501
SDE for 2021: $307,737
Sales for 2021: $1,945,039

EXPERIENCE/TRAINING:

No Experience In The Medical Industry Is Needed. Extensive training and ongoing support
provided by franchisor. Seller will provide training during transition also.

**************
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. Buyers should always verify all information with the seller
and their own advisors before putting any money at risk. Cash Flow is weighted average –
valuation. Gross Revenue 2021 projections. Information, data, financials stated by seller.

CONTACT US TODAY For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.

Property Information

Location:

Prime location.

Premises Details:

Well-Established franchise. Quality caregivers. Huge service territory with thousands of seniors.

Business Operation

Expansion Potential:

Oversee the business on a daily basis, oversee staff, sales, marketing. Implement aggressive marketing/advertising strategies. Build referral sources. Build community relationships. Diversify services. Attend industry trade shows. Join business associations/chambers.

Competition / Market:

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. More recently driven by concerns brought on by COVID-19 the industry has seen an increased interest in in-home services as seniors and their families question the safety of moving into a group living situation such as a senior apartment, assisted living or
nursing home. Additionally, those in the hospital are choosing to be released home with non-medical in-home care services instead of being transferred into a rehabilitation facility due to safety concerns. More seniors are now opting to age in place and bring help in or move in with family and hire additional support services to come into their family home. This is in addition to an earlier survey conducted by AARP that stated that at that time (prior to COVID) 86% of seniors wanted to age in
place. Families also move their loved one out of assisted living and into their own home, hiring additional assistance due to their concerns about the safety of their loved one living in a group setting. Changes in the payment reimbursement model in January of 2020 for hospitals and
skilled nursing has also increased client flow. Facilities are no longer able to keep patients as long as they once were under Medicare guidelines which has led to an increase in the need for in-home care.

Reasons for selling:

Retirement

Years established:
2013

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

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.

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Blue Stone Business Group

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