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!
IMPORTANT EARNINGS NOTE: A key aspect of this location is the fact that it’s dropping 27.23% of sales to earnings ($405,699/$1,489,881= 27.23%)!! Why is this important? We consider anything with sales/earnings under 18% under-performing and a good average is about 20% to 25%, so the fact that this location is doing 27% tells us the location is running well with good management.
Further, you’ll take advantage of a 20 year business with seasoned office staff, knowledgeable caregivers and an easy-to-follow business model with TONS OF IN-DEPTH TRAINING so you’ll get up to speed on virtually every aspect of this business BEFORE you are handed the keys!
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.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):
• Projected ROI of 35% (Return on Investment)
• Total purchase price: $1,480,000 (*Appraised Price)
• Down payment: $350,000 (approx. 24%)
• Current SDE (cash flow of the business/what the business makes in earnings): $405,699
• Amount financed: $1,130,000
• Debt service per year (annual note payment): $184,875 (10 years at 10.75% apprx.)
• SDE less debt service: $220,824
• Assume - New owner to pull $100,000 a year out of the business in wages.
• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $120,824. So even AFTER paying your debt service and taking out $100k in a wage, you should still have $120,824 to do with as you wish, pay down the debt early, take it out in total wages, or go to Vegas!
• Return on Investment: 35%....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: $1,767,564/$345,573
2022: $1,239,823/ $368,505
2023: $1,489,881/$405,699
2024 (Projected): $1,624,000/$487,000
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.
