This Is One Of The Top In-Home (Non-Medical) Senior Care Franchises In The Nation! The business model (not difficult) sends caregivers to individual’s homes to keep them from having to go to an assisted living facility. Personal care, food preparation, light cleaning, falling mitigation/monitoring, etc. are many of their primary functions.
This particular franchise is very well-known - In fact, if we were to “rank” this brand ourselves (and we specialize in selling senior care businesses), it would be the equivalent of "Chick-fil-A" for the senior care industry – They are that well known!
This particular location has an INCREDIBLE reputation in the community for providing high quality in-home care - and we think when you dive into this further, you’ll agree with that assessment.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 51% (Return on Investment)
• Total purchase price: $550,000
• Down payment: $110,000
• Current SDE (cash flow of the business/what the business makes in earnings): $221,000
• Amount financed: $440,000
• Debt service per year (annual note payment): $184,875 (10 years at 10.00% apprx.)
• SDE less debt service: $151,224
• Assume - New owner to pull $95,000 a year out of the business in wages.
• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $56,224. So even AFTER paying your debt service and taking out $95k in a wage, you should still have $56,224 to do with as you wish, pay down the debt early, take it out in total wages, or go to Vegas!
• Return on Investment: 51%....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 DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure.
• 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:
Sales/SDE:
2021: $1,976,494/$141,882
2022: $1,297,451/ $176,136
2023: $1,238,913/$290,839*( note the 3 year even weighted average is about $221,000)
2024 (Projected): $873,239/$197,877 (seller predicts a bit higher though)
Located west of Detroit metro area. Buyers must reside in the area of the location.
Contact us for the NDA. We will contact you and email the online form shortly after your inquiry. Please be sure to check your spam folder as well. Non-Disclosure Agreement (NDA) is required. The sale is confidential.
