Reason for Selling:
Relocating.
Overview of the Business:
If you are looking for an opportunity that has the right demographic trends, look no further! Non-medical home care has been growing in popularity as our population ages, and people choosing to receive care in their homes. When someone has outpatient surgery, has an injury, or is getting too old to handle all of their normal everyday activities, non- medical home care is the solution! This business has established many strong and reliable referral sources that will be passed along to the buyer. The following is a sampling of the services the company provides: Companionship, light housekeeping, meal preparation, grocery shopping, medication reminders, personal grooming, transportation, recreational activities, and mail assistance, to name a few. With the aging of the population, and patients spending less time in hospitals to both save money and enjoy the conveniences of their own home, the trends are very favorable! This business is generating over $489,304 in annual revenues, and profit of roughly $75,554. This is pure profit to the seller. No hard to prove add-backs were used to calculate this figure. The asking price for this business is roughly 2.6 x net income. This is right in the middle of the industry range of 2-3 times net income. The business was recently assigned 32 new contracts that will generate roughly $120,000 of revenue, and roughly $30,000 of net income, starting December 1st, 2009. With this new net income, that would put the asking price at 1.86 x net income!!
Property Features and Assets:
225 square feet of office space. The seller is keeping overhead to a minimum.
Support/Training: 2 weeks at 40 hours per week, or as agreed.
Additional Details: