In-Home Senior Care, Walk Into Immediate $63,000 In Equity*
Asking Price: | $650,000 |
Gross Revenue: | $1,553,642 |
Cash Flow: | $231,815 |
Established Year: | 2013 |
Training/Support Provided. Many Active Accounts.
THIS IS ONE OF THE TOP IN-HOME (non-medical) SENIOR CARE FRANCHISES IN THE NATION – And - You Will Walk Into An Immediate $63,000 in Equity: The Seller had a *formal third party, Wall Street Level Appraisal done that came in at $713,000 – the listing price is $650,000 – Translation - You’re walking into an immediate $63k in equity right out of the gate. We used the same appraiser that most of the major banks use in their underwriting departments, Wells Fargo, US Bank, CIBC, Live Oak and over 200 other major banks, so when you get our data, you’ll know the numbers have been crunched. You should know that we sell most of our appraised businesses AT the appraisal price, however, the seller is sadly undergoing some personal concerns and wants to make this deal as easy for you as possible so he can move on quickly. Look over the deal structure and additional company information below.
Additionally, take advantage of a 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! 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, grocery shopping, walking with them and just basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility.**Location is situated in Central PA; West of Harrisburg metro area. Buyer and/or buyer’s partner(s) must be able to reside close to the location. This is not an absentee operated business.
Further, this particular franchise is so well known that you’ve probably seen their ads on TV regularly and they have a national ad spend that we believe is more than anyone’s. In fact, if we were to “rank” this brand, it would be the equivalent of McDonalds or Chipotle for the senior care industry!
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI): 47% Proj. ROI
• Total Purchase Price: $650,000
• Down payment: $130,000 (20%)
• Current SDE (cash flow of the business- weighted):$231,815
• Amount financed:$520,000
• Debt service per year (annual note payment): $85,075 (10 year at 10.754% approx.) or about $7k per month.
• SDE less debt service (annual note payment): $146,740
• Assume new owner wages a year: $85,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service: $61,740
• So even after paying your debt service each year and taking out $85,000 in a wage you should still have $61,740 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• Return on Investment: 47%....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.
• 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. No working capital will be left in the business.
• 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:
2021: $1,637,199 / $257,939
2022: $1,436,278 / $209,136
2023: $1,553,642 / $226,108
Contact us for the NDA. We will email the online form shortly after your inquiry. Please be sure to check your spam folder as well. Non-Disclosure Agreement (NDA) is required.
Non-Franchise Home Care Agency in South Central PA
Harrisburg, PA
Price: $450,000
Non Emergency Medical transportation Dauphin County, PA
Harrisburg, PA
Price: $500,000
Established Home Care w/3MCO Contracts in Dauphin County
Dauphin County, PA
Price: $575,000
A Better Solution In Home Care
Available in Multiple Locations
FranchiseCash Required: $55,000