Established & Profitable Senior Care In West Kentucky

Louisville, KY (Jefferson County)

Established & Profitable Senior Care In West Kentucky
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Asking Price: $820,000

Cash Flow: $272,000

Gross Revenue: $915,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Established & Profitable Senior Care In West Kentucky

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Business Description

*Move To A Great Small Town*Be Your Own Boss*Enjoy A Great Lifestyle

This is a well-established in-home senior care / medical staffing business with solid clients/accounts and referral sources located in West Kentucky. This location has a well-seasoned staff and quality caregivers already in place which will make your transition into the business a snap. This is a Super high margin senior care location. The business is dropping apprx. 29% of sales to what is going in the seller's pocket!! Many senior care businesses are lucky to get 15% of sales to the owner's pocket. Translation…this business is running correctly. *If any bank financing is to be used for the purchase, buyer will be required to put down $195,000 (roughly 23%).NOTE: This Location Cannot Be Operated Remotely Or Absentee. You Must Be Willing To Relocate To Western Kentucky. No Exceptions.

*Lender Ready for qualified buyers. The owner had a Wall Street level appraisal completed on the business which is the price that is stated (*appraised price). 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.

HERE’S THE BREAKDOWN:
• Investment considerations: Projected ROI of 42%!
• Total purchase price: $820,000
• Down payment : $195,000 ($820,000 x roughly 23% = $195,000)
• Current SDE (*weighted ave.) (what you would earn in the business): $272,563*
• Amount financed $625,000 ($820,000 - $195,000 = $625,000)
• Debt service per year: $90,205 (10 years at 7.8% apprx.)
• SDE less debt service: = $182,358 ($272,563 – $90,205 = $182,358)
• Assume - New owner to pull $100,000 a year out of the business in wages
• Remaining cash flow after owner wages and paying annual debt service = $82,358 ($182,358 – 100,000= $82,358)
• Return on investment or your return on injected capital (down payment) year after year = 42%! ($82,358/$195,000 = 42%) Tough to get this in the stock market!
• This scenario doesn’t not include working capital nor does it take into account a possibly lower overall negotiated price.

• 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: 2016 $634,387 SDE (seller’s discretionary earnings):$152,482
Sales: 2017 $929,347 SDE:$288,643
Sales: 2018 $915,233 SDE:$272,801
Sales (projected 2019): $957,250 SDE:$272,324 (projected)
SDE (*weighted ave.): $272,563*

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No Experience In The Medical Industry Is Needed. Extensive training is provided by franchisor and seller and ongoing support provided to help you build your business.

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Non-Disclosure Agreement (NDA) is required. The sale is confidential which is why we are not publishing sensitive financial information or the name. Information provided to qualified buyers with NDA in place.

*Gross Revenue and Cash Flow approximate and stated by seller. *SDE (Cash Flow) is Weighted Average . *All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Buyers should always verify all information with the seller and their own advisors before putting any money at risk. No brokers or students please.

Contact Us For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.

Detailed Information

Location:
Louisville, KY
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Business Listed By:
Patrick Sherman

Blue Stone Business Group

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