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HIGHLIGHTS: This Is an In-Home Senior Care / Medical Staffing Franchise (resale). This business does both medical and non-medical services (skilled/non-skilled). The business encompasses a huge geographical service territory with a growing population of thousands of seniors - ages 65/75.The location was originally established in 2006 and has multiple profit centers, and specialty services that make this brand really stand out against all others. The company has a solid staff, many active accounts, large list of excellent caregivers, and referral sources already in place. The business provides in-home personal and companion care to seniors, including help with daily tasks such as light housework, meal prep, errands, transportation, medicine reminders, and other care. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility. You do not need any experience in the medical Industry to succeed. Extensive training and ongoing support provided by the franchisor. The owner's role is to market and build your business, expand and build relationships in the community, and manage a dedicated team of quality staff and caregivers. Contact us for the NDA for more information. Additionally, most businesses in this industry (probably why they are in such demand) have been VERY Covid resistant and this location is no exception! In fact, due to so many issues with Assisted Living Facilities (lockouts, deaths) this business model has been overwhelmed and will likely stay this way for years and years to come…not that it wasn’t pre-covid. So, the takeaway here, is that THIS business model will likely be with us in perpetuity! Finally, this particular location has an INCREDIBLE reputation in the community for providing this high quality non-medical in-home care and we think when you dive into this further, you’ll agree with that assessment. BUYERS: Time is of the essence…You may not want to wait on this business, as our last senior care transaction was under contract in 72 hours and the one prior to that in 24hours! We had one location last year that we didn’t even advertise, and it sold for full price and closed in 45 days! Translation….This is a VERY in-demand business model and they go fast when they are properly presented…as you see here. POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI): • Total Purchase Price: $268,000 • Down payment: $85,000 • Current SDE (cash flow of the business):$134,000 (*3 year weighted avg.) • Amount financed:$183,000 • Debt service per year (annual note payment): $24,491 (10 year at 6.10% approx.) • SDE less debt service: $109,509 • Assume new owner wages a year: $75,000 • Remaining SDE (cash flow) after owner wages and paying annual debt service: $34,509 • So even after paying your debt service each year and taking out $75,000 in a wage you should still have $34,509 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas! • ROI 41%: Annual return of investment on your injected capital/down payment each year. A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption is that you do actually work in the business similar to the way the current owner does now. • This scenario does not include working capital and DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure, if qualified. • 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/ SDE HISTORY: 2019: $2,476,799 / $112,243 2020: $2,536,572 / $184,908 2021: $1,555,457 / $107,254 SDE: $134,000* 3 yr weighted average. EXPERIENCE/TRAINING: No Experience In The Medical Industry Is Needed. Extensive training and ongoing support provided. Seller will provide training during transition. ************** 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*. All information, data, financials, valuations, appraisals, inventory, FFE/Assets/Inventory, 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. *Cash Flow 3 year weighted average/Gross Revenue 2021. CONTACT US TODAY 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. Location: Little Rock, Arkansas Year Established: 2006 Facilities: Well-Established. Modern, nicely decorated, and well-equipped office space - two locations. Well-Trained staff. Many Quality care givers. Referral sources. Great database of clients, and active accounts/clients. Huge geographical service area with thousands of seniors over the age 65/75. Market Outlook/ Competition: Senior service businesses are in the TOP six recession-proof industries (Franchise Business Review). The senior care industry is growing and will continue to grow with the senior population expecting to grow by 25% over the next 10 years. More recently driven by concerns brought on by COVID-19 the industry has seen an increased interest in in-home services as seniors and their families question the safety of moving into a group living situation such as a senior apartment, assisted living or nursing home. Additionally, those in the hospital are choosing to be released home with non-medical in-home care services instead of being transferred into a rehabilitation facility due to safety concerns. More seniors are now opting to age in place and bring help in or move in with family and hire additional support services to come into their family home. This is in addition to an earlier survey conducted by AARP that stated that at that time (prior to COVID) 86% of seniors wanted to age in place. Families also move their loved one out of assisted living and into their own home, hiring additional assistance due to their concerns about the safety of their loved one living in a group setting. Changes in the payment reimbursement model in January of 2020 for hospitals and skilled nursing has also increased client flow. Facilities are no longer able to keep patients as long as they once were under Medicare guidelines which has led to an increase in the need for in-home care. Growth & Expansion: Oversee the business on a daily basis, oversee staff, sales, marketing. Implement aggressive marketing/advertising strategies. Build referral sources. Build community relationships. Diversify services. Attend industry trade shows. Join business associations/chambers. ***********************************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 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. ****************************************The senior Care Environment --- Long-term Care Demand and Our Aging Population - The market for long-term care is rapidly increasing. By the year 2030, about 1 in 5 Americans will be elderly. As of 2020, the U.S. population over the age of 65 projected to grow to 55 million while the population over the age of 85 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 in-home services. It is believed that competition for qualified personnel will continue to increase and that benefits and methods of "sharing the success" with employees will make in-home care companies an attractive employer in the marketplace and allow them 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.
Listed: Apr 21, 2022
Updated: 6 hours ago
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