Home Health & Companion Care: Non-Medical with Passive Owner

Seller Financing Available

This company was established in 2015 with a very unique mission to
provide care and kindness to seniors in the community living
independently in their own homes while also providing meaningful
employment to other seniors in a caregiver position. The owner
established this business in 2015 and in the last few years has been
providing basic oversight while working part time, 10-15 hours per
week. Unfortunately, the owner has been diagnosed with a serious
illness that she has been battling over the last 18 months and it is
now time for her to sell. There are two office managers who run the
day-to-day operations, they are staying on board under new
ownership. There are also 30-35 Care givers who all are classified
as part time and are W2 employees, there are no 1099 contractors.
Several office functions such as payroll and bookkeeping are
outsourced. A new owner will only need to be there about 10 hours a
week. If a new owner wanted to grow, there is absolutely no
marketing or advertising and this could be something a new owner
could add. This business is producing a 35% margin and is
annualizing $700,000 in revenue this year, the highest they have
ever seen! Due to the owner’s illness, this business is being sold for
under fair market value at $630,000. There has already been a 3
rd
party bank appraisal and we have had 2 banks fully approve this with
10% cash down from the buyer. The most recent success story is
the addition of the VA contract that was awarded, which is one of the
reasons they have seen year over year growth over the last 4 years.
They are also covered under Medicaid and multiple long term care
insurance companies.
To show her vested interest in the continued success of the
business, the owner has offered a 10% seller financing, plus will stay
on up to 6 months or as long as her health will allow. Additionally,
the franchise will provide support to the owner. If you would like to
own this very meaningful company that provides a wide array of
services such as companionship, transportation, meal preparation,
and personal care, and make an impact on your community, you will
need 10% down which will return $100,558 in the first year after debt
payments!