Successful In-Home Senior Care Selling For Only 3x Earnings!

Tampa, FL (Hillsborough County)

Successful In-Home Senior Care Selling For Only 3x Earnings!
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Asking Price: $1,330,000

Cash Flow: $435,479

Gross Revenue: $2,002,353

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2011

Successful In-Home Senior Care Selling For Only 3x Earnings!

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Business Description

Your Expected Return On Injected Equity (DownPayment) Is A Healthy 50% Per Year!

HIGHLY SOUGHT AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL TOP BRAND IN-HOME SENIOR CARE company (franchise) ***Lender Ready for qualified buyers. There are many active clients and a huge roster of high-quality caregivers already in place. This is a solid business with continuous great sales and owner cash flow (see breakdown below). The business provides in-home care to seniors, assisting them with activities of daily living, including companion care and hands-on personal care services. The company has been in operation since 2011 with well-seasoned, experienced managers and staff and excellent referral source relationships.No Experience In The Medical Industry Is Needed. Extensive training/support is provided by franchisor /seller.
CONTACT US today for the NDA for a detailed discussion. Information/business profile provided to qualified buyers with NDA in place.

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The owner had a Wall Street level appraisal completed on the business which is the price that is stated in this listing*. 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.

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*If bank financing of any kind is used $266,000 will be required, as your down payment, to make the deal work.

Your expected return on injected equity (your down payment) is OUTSTANDING 50% per year!* HERE'S THE BREAKDOWN:

• Projected Return On Investment (ROI) of 50%!!
• Total Purchase Price: $1,330,000 (*This is the Appraised Price).
• Down Payment: 20% or $266,000 ($1,330,000 X 20%).
• Current (weighted) SDE (What You Would Earn In The Business): $435,479 (apprx. and probably more the way it’s trending for 2019).
• Amount Financed $1,064,000 ($1,330,000 - $266,000).
• Debt Service Per Year: $153,565 (10 Years At 7.80% Approx.).
• SDE Less Debt Service: $281,914 ($435,479 - $153,565).
• Assume New Owner To Pull $150,000/Year Out Of The Business In Wages.
• Remaining Cash Flow After Owner Salary And Debt Service = $131,914 ($435,479 – $153,565- $150,000).
• Return On Investment Or Your Return On Injected Capital (Down Payment) Year After Year = 50%! ($131,914/$266,000) --- A really good year in the stock market would be 15%!

• This Scenario Doesn’t Include Working Capital.*

• *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 A Business Where Your Money Could Be At Risk Until You Agree With Your Financial Advisor’s Opinion And Are Comfortable With The Presented Numbers From The Seller.

•*20% of the purchase price required for the down payment. An additional $70k to $100k needed in available working capital which can probably be secured with the loan.

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Sales & Earnings History:

Sales 2019 (projections) $2,237,932
Sales 2018: $2,002,353
Sales 2017: $1,352,678
Sales 2016: $1,061,751
Earnings: 2019 (projections) $451,612
Earnings: 2018 $411,281
Earnings: 2017 $ $256,692
Earnings: 2016 $243,427

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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.

*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. *Gross Revenue and Cash Flow stated by seller. Cash Flow weighted average.

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:
Tampa, FL
Facilities:
Well-Established, Well-Equipped, Furnished Office. Accounts/Clients, Referral Sources, Quality Caregivers, Staff In Place. Huge Service Territory Encompasses: Dade City, Land O’ Lakes, San Antonio, Wesley Chapel, Zephyrhills.
Competition:
The market for aging persons in need of home care and institutional clients is rapidly expanding. Already healthcare agencies are absolutely crucial to facilities lacking much needed staff. This trend will only continue considering the average age of the RN population. The average age of the RN population in March 2000 was estimated to be 45.2 years. In 2000, only 31.7% reported being under the age of 40. The most significant drop in numbers was seen among those RNs under the age of 35. In 1980, 40.5% of RNs were under the age of 35, compared to 18.3 percent in 2000. The RN population under 30 dropped from an estimated 25.1% in 1980 to only 9.1% in 2000 According to CNN, the baby boomers stand on the threshold of a big change. The oldest of them are nearing their 65th birthdays and their needs and wants are in flux. Their purchases will begin to revolve more around health care and housing than on rock and roll and athletic gear. *************************************************************************** Why is there a boom in the service area?--- Beyond elder care. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful franchise businesses of the next few years will be ones that will provide cost-efficient services, both medical and non-medical, for the aging population of the United States. According to the U.S. census, between the years of 2000-2010, the population between the ages of 18-44 is decreasing 1%. The population between the ages of 45-54 is increasing 21%. However, the population of ages between 55-64 is increasing at 47%. People between the ages of 44-65 are the “New Customer Majority.” Their market is 45% larger than the 18-43 market and will be over 60% larger by 2010. According to David Wolfe and Robert Snyder in Ageless Marketing, “The New Customer Majority is the only adult market with realistic prospects for significant sales growth in dozens of product lines for thousands of companies.” ************************************************************************** The senior Care Environment--- Long-term Care Demand and Our Aging Population The market for long-term care is rapidly increasing which will increase the demand for our services in nursing homes, hospitals and private duty assignments. According to the U.S. Census Bureau, the elderly population (persons 65 years old and over) increased eleven-fold between 1900 and 1994; the non-elderly increased only threefold. Under the Census Bureau's middle series projections, the number of persons 65 years old and over would more than double by the middle of this century to 80 million (up from 33 million in 1994). By the year 2030, about 1 in 5 Americans will be elderly. The oldest old is the fastest growing segment of the elderly population. The oldest old (persons 85 years old and over) are a small but rapidly growing group, comprising just over 1% of the American population in 1994. From 1960 to 1994, this group increased 274% to 3.5 million, compared with an increase of 100% for persons 65 years old and over, and an increase of 45% for the total population. Overall, the oldest old were projected to be the fastest growing part of the elderly population as we entered this century and beyond. By 2020, the U.S. population over the age of 65 is projected to grow to 55 million while the population over the age of 85 is projected to increase by four times to over 13 million. As age increases, the need for long-term care also increases. ************************************************************************ Shortage of Nurses--- There is an acute shortage in the United States of registered nurses. A recent study published by the American Hospital Association states that the average age of a nurse is 45 years old and that less than 10% of all nurses are under the age of 30. This coupled with the dynamics of an aging population and increased government requirements for staffing at hospitals and nursing homes have created a substantial demand for our services. We believe that competition for qualified personnel will continue to increase and that our benefits and methods of "sharing the success" with our employees will make us an attractive employer in the marketplace and allow us to be the most attractive answer when individuals are looking for employment. ********************************************************************* Why Would Nurses Become Contract Workers Instead of Full-time Employees?--- Many nurses are switching from demanding shift positions in traditional settings to contract staffing. For a comparable salary and benefits, an employee has more flexibility and control over their schedule, vacations and holidays and less risk. Some nurses enjoy doing a variety of jobs in which they can use many of their skills and others prefer to use one specialty, contract work allows these options. ************************************************************************* Professional Licensure and Corporate Practice--- Nurses and other healthcare professionals employed by us are required to be individually licensed or certified under applicable state law and we will check with the state to ensure each license is valid and has no disciplinary action against it. Our comprehensive compliance program will be designed to ensure that all employees possess all necessary licenses and certifications and comply with all applicable state laws.
Growth & Expansion:
More growth to be realized if you decided to work in a couple of other sectors within this industry that the seller has not even “tapped”. This business serves the RAPIDLY growing $1.8 trillion healthcare industry. Two thirds of home care recipients are over the age of 65. Seniors represent the largest, wealthiest, and fastest growing market segment in the U.S. There are over 40 million people over the age of 65. Today, over 1.4 million Americans are receiving some form of home care. By the age of 85, nearly 50% need some support with everyday activities. Changes in fertility, women's labor force participation, and increases in the divorce rate have reduced ability to personally take care of older family members. ********* The US Census Bureau shows that this is the fastest growing segment of the population today. In the year 2000, over 600 million people were over age 60. By the year 2025, there will be 1.2 billion in that age range and over 2 billion by 2050.
Support & Training:
NO EXPERIENCE IN MEDICAL IS NEEDED OR REQUIRED. Extensive training/support provided by Franchisor. Seller willing to provide training during transition.
Reason for Selling:
Retirement from this industry.
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Business Listed By:
Patrick Sherman

Blue Stone Business Group

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