Profitable Growth Oriented Non-Medical In-Home Senior Care

Anchorage County, AK

Profitable Growth Oriented Non-Medical In-Home Senior Care
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Asking Price: $465,000

Cash Flow: $107,488

Gross Revenue: $785,986

EBITDA: N/A

FF&E: $5,000

Inventory: $2,500

Rent: $2,955 /Month

Established: 2015

Profitable Growth Oriented Non-Medical In-Home Senior Care

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Business Description

In-Home Assisted living Senior Care on a high growth trajectory with offices located in a busy strip mall.

The single largest population group in the United States is the so-called baby boomers and in 2016 they began turning 65 years of age. Beginning in 2018 10,000 members of this demographic group began turning 65 years of age, every day and will continue to do so for the next fifteen years or until 2034. Beyond 2034 the pace slows but continues to grow as the US Census Bureau graphic (right) illustrates.A large majority of this population will require in home care, in fact, it is projected 70% of this population will require some sort of in-home care during their post-65 lifetime.

Most seniors in this demographic prefer to remain at home rather than be institutionalized, so in-home care is paramount to them. This business addresses those needs.

The reasons for in-home care range from non-medical post-operative care and other help including assistance with the changing of clothes, bathing or other household duties to simple companionship and meal preparation. Currently, 3 FTE office employees oversee 37+ PTE/FTE W-2 wage earning employees.

With a 97% client satisfaction rate the growth tempo for this business has been and will continue to be strong. Beginning with the first full year of available financial data (due to start-up) the local business has grown revenues from $477,304 (2016) to $785,986 (2018) almost doubling revenues (70.3% growth) in the first full three years of operation with year over year growth rates approaching 26%. It is likely demand will propel this growth rate well into 2050. Profit has grown proportionately.

Lender pre-qualified SBA 7(a) $382,100 ten-year note.

Seller financing may be possible with a significant down payment and a strong track record.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,150
Lease Expiration:
N/A
Employees:
37
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Month to Month lease in a popular strip mall, assumable The business is a franchise and is well led by the corporate offices who provide a great deal of support for the day-to-day activities or unfamiliar challenges when they arise. Franchise support cannot be underestimated or undervalued. CRM, cloud computing and marketing are all systems that have led to such high growth.
Competition:
This is a burgeoning business with a lot of runway. With 10,000 baby-boomers turning 65 years of age every day for the next fifteen years the industry is set to have a robust market full of customers for many years to come. At this time the competitive landscape in AK has plenty of room to grow and if indications are correct there is a huge need for these services and consolidation is likely to occur, which may speak to your exit strategy or possibly growth strategy.
Growth & Expansion:
US Census Bureau statistics show this business on a growth trajectory for many years to come. In fact growth based upon need will continue well into 2050.
Support & Training:
2 weeks
Reason for Selling:
time for a change
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Nick Mastrodicasa

Business Listed By:
Nick Mastrodicasa

Transworld Business Advisors of Alaska

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