Seller Financing Available
Gross Revenue: $1,130,973
Eastern Tennessee Non-Medical In-Home Care
List Price: $833,000 Gross Sales 2015: $1,130,973 2014: $999,980 2013: $1,004,521 Owner Profit/Cash Flow 2 Year Avg. (2014-15): $225,382 Sales Trends: Consistent Sales of $1,000,000 Profit Margin: 24% Multiple: 3.7 *Multiples range from 1-5, with the average being 3 Valuation: 2 Year Cash Flow x Multiple = Price $225,382 x 3.7 = $833,913 Description This business provides seniors with homemaking, personal, and daily living tasks. Located in Eastern Tennessee, this in-home care provider has 65 employees that work to provide services to seniors wishing to stay in their homes. A General Manager, Schedule Coordinator, and Office Assistants make up the daily office staff, while a Licensed Practical Nurse and 60 Caregivers work with clients on a daily basis. The owner is responsible for payroll and billing, as well as maintaining compliance with contracts and dealing with client concerns. Over half of the services provided is Attendant Care which provides assistance with daily activities for bathing, personal care, meal preparation, and general housekeeping to seniors. The remaining services are less time intensive as the clients are more independent and require less assistance. Being located in Eastern Tennessee gives a terrific client base for this business. The service area includes Washington, Carter, Green, Sullivan, and Unicoi Counties which includes the Tri-City area. With near or over $1,000,000 in sales each of the last three years this business is a solid investment. A 24% profit margin yields an average profit of $225,382 for the owner over the last two years. In the first year of ownership, a buyer can expect to receive a Net Operating Income (Profit) of $92,779 after paying all debt services. Assets Included in Purchase: $25,000 Equipment and Inventory: 5 Desks, Office Chairs, 3 Dell Computers, 2 Net Book Laptops, Galaxy Tablet, Cisco Router, Phones, Scrubs and other Medical Supplies, Office Equipment Intangible Assets: Growing Client List, A+ Rating with the BBB *amounts may vary Business Information Year Established: 2008 Location: Eastern Tennessee Service Area: Washington, Carter, Green, Sullivan, and Unicoi Counties including the Tri-Cities Service Breakdown: Homemaking: 20%; Respite Care: 5%; Personal Care: 20%; Attendant Care: 55% Lease: 2,660 sq. ft. @ $1,050/Month Reason for Selling: Health Concerns, 90 Day Training Period Employees: General Manager: Oversee Daily Operations; Schedule Coordinator: Schedule Caregivers with Clients; Licensed Practical Nurse: Visit Home of Clients every 30 Days, Oversee Quality of Care; Office Assistants: Answer Phone Calls, Client Paperwork; Caregivers: 40 PT, 20 FT, Provide Homemaking, Personal, Daily Living, and Temporary Caregiving Growth Opportunities: Establish Relations with Insurance Companies to Secure Additional Clients Current Owner’s Responsibilities: Payroll, Billing, Attend Insurance Meetings, Keeping Contracts in Compliance, Dealing with Staff and Client Concerns Funding Example Purchase Price: $833,000 10% Buyer Down Payment: $83,300 10% Seller Financing: $83,300 80% Bank Loan: $666,400 After all debt services are paid, a buyer can expect a Net Operating Income (Profit) of $92,779 in the first year.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Year Established: 2008
Location: Eastern Tennessee
Service Area: Washington, Carter, Green, Sullivan, and Unicoi Counties including the Tri-Cities
Service Breakdown: Homemaking: 20%; Respite Care: 5%; Personal Care: 20%; Attendant Care: 55%
Lease: 2,660 sq. ft. @ $1,050/Month
Growth & Expansion: Establish Relations with Insurance Companies to Secure Additional Clients
Financing: 10% ($83,300)
Support & Training: 90 Days
Reason for Selling: Health Concerns
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