PRICE REDUCED: Santa Barbara-area CASH clinicPRICE REDUCED: Santa Barbara-area CASH clinicSanta Barbara, CA
PRICE REDUCED – appraised at $285,000, now priced at just $197,500 to facilitate doctors move. $189,000 net. 89% cash collections (accepts some PI), and all patients prepay or utilize EFT payments (approx. $3500-$4000/month EFT income). 65% of new patients come from finely tuned marketing program. 23 years established clinic. Well equipped with digital x-ray + hydromassage table. Room for additional practitioners for more $. Located in safe and friendly community minutes from Santa Barbara- but just a fraction of the cost!! Beautiful, modern + light-filled clinic in restored historic home. Ideal location on busy street just four blocks to the beach and close to downtown. Idyllic weather, scenic ocean + mountain views and endless recreation, dining, and entertainment options. Add top-notch schools AND an affordable cost of living and it’s hard to beat this opportunity! See clinic video at https://youtu.be/uf6JNfgPyvc and pics + details at https://www.progressivepracticesales.com/ventura-california or call Kevin for more info at 512.523.9110
Homemaking/Companion & Personal Care$775,000 Cash Flow: $167,381 Seller Financing Homemaking/Companion & Personal CareSanta Barbara, CA
This opportunity is in the home care industry that serves the needs of individuals who aren’t ready for an institutional setting and need assistance to remain living in the comfort and privacy of their own homes. The industry is mushrooming with the aging baby boomers and their needing help to keep their independence. It is a great opportunity to own a thriving National Franchise backed by a company with over 20 years of experience that has become a widely recognized brand name in the senior care field. The 85 and older population is expected to more than triple between now and 2050 in the United States alone. This is a staggering statistic that not only proves the growing need for senior care, but also that thousands of families are facing the same critical decisions. This Company currently has two types of services that provide: Homemaking/Companion Care-Tasks include, but are not limited to: • Light Housekeeping • Laundry • Meal planning & Preparation • Shopping • Errands • Medical Reminders• Transportation to Appointments • Companionship & Conversation • Helping with pets • Stand-by / Assistance with walking / movement reducing risk of slips, trips & falls. Personal Care-Provides assistance to help clients successfully performs activities of daily living. These include one or more of the following and are characterized by “hands-on-touching”. • Bathing • Personal grooming and hygiene • Dressing• Toileting and elimination • Nutrition/hydration and feeding • Mobility • Mental / Cognitive needs • Medic1,054,187ation reminders • Hospice support care• Alzheimer’s care• other dementia care The clients who subscribe to these services want to maintain a quality of life and their freedom. Home care is also utilized for clients who are rehabilitating from workman’s compensation accidents, post op/surgery rehabilitations and seniors who need help rehabilitating from a fall or broken bones. Services are provided in hospitals, assisted living facilities, rehabilitation facilities, nursing homes and memory care facilities. Financial History The level of net income in this offering used for analysis purposes will be Sellers Discretionary Cash Flow (“SDCF”). Year 2017 Projected 2016 2015 2014 2013 Revenues $1,300,000 $1,054,187 $1,372,889 $1,337,644 $1,590,775 SDCF $275,000 $153,126 $299,887 $303,005 $344,247 SDCF % to Income 21.00% 14.53% 21.84% 22.65% 21.64% Competitive Advantages The Company has earned and developed 6 competitive advantages that focus on its market niche. Each of these advantages could significantly contribute to the future growth and prosperity of the Company. Growth Opportunity The business continues to grow due to branding, loyalty, and consistent high-quality services. A new owner could build upon current owner's relationships with the medical community and even enhance by adding a Community Service Representative. Price &Term: This is a SBA transaction with Buyer’s cash infusion of $120,000, Owner note of $77,500 and Commercial Lending of $577,500 plus SBA fees. The term of the SBA loan is for 10 years at an interest rate of 6.00% with payments of approximately $6,411.00 per month. The Owner Note shall be payable in the form of a Promissory Note and Security Agreement, subordinated to Buyers’ private lender. The basic terms and conditions of the note shall will be payable in 96 monthly payments with annualized interest of 6.00%, with payments starting 24 months after closing. The first 24 months will accrue compound interest. There will be no pre-payment penalty. Initial Investment: The buyer will need to have approximately $186,700.00 for the following acquisition cost: • $120,000.00 Down Payment for Acquisition • $15,000.00 Franchise Transfer Fee • $7,000.00 Estimated Expense for State of California Home Health Care License • $10,000.00 Estimated Expense for Bank Fees, Attorney Fees, and Closing Cost. • $9,700.00 Lease and Utility Deposits • $25,000.00 Working Capital (The bank may include a credit line with the package.) NOTE: Our Specific Non-Disclosure Agreement is required prior to releasing additional information.
