sweetFrog Franchise Available
Johnson City, TN
sweetFrog Franchise Available! Johnson City, Tennessee This well located Frozen Yogurt Franchise store is in a new strip center on a busy thoroughfare in Johnson City, Tennessee. Wal-mart is the anchor store! The store features eight frozen yogurt machines, toppings bars and sweet frog merchandise – much of the merchandise is centered around sweetFrog’s mascots – Scoop and Cookie. sweetFrog was founded in 2009 and because of unique marketing and simply delicious yogurt, they are growing. This store was opened three years ago, and the store is profitable. The owners live in North Carolina, and have decided because of the long commuting distance and severe personal issues, they have reluctantly put the store up for sale. They have invested over $400,000 in upfit, equipment and opening costs, but are now listing it for sale for less than 40% of their investment! All the work has been done, and you get it for less than half price !! And quite soon, you could well be earning big bucks here ….many of the store owners have, with their profits, bought multiple stores ….and so can you! Here is an opportunity to buy a successful, growing franchise for much less than half the cost of opening a new one, and this one is proven, open and ready for you! This is a strong and unique opportunity! Offered @ $159,000! Give us a call today!
Eastern Tennessee Non-Medical In-Home Care
Washington County, TN
List Price: $833,000
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
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
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
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.