Batteries Plus is a franchise that specializes in selling batteries, light bulbs, and related products and services. Like any franchise […]
HIGHLIGHTS:
HIGHLY SOUGHT-AFTER BUSINESS MODEL - THIS IS A SUCCESSFUL IN-HOME SENIOR CARE Franchise (resale). This company has huge room for growth and additional earnings to the bottom line just by running this company a bit differently. The seller is not fully working in the business which, with the current sales volume, is not the way we would suggest running this in order to maximize profits. Perhaps when the sales get into the $1.5 to $2 million range you can back off heavily and let it run more absentee, but not at $1,000,000. Translation, get yourself ‘in there’ full time and run the company hard and you’ll put closer to $240k in your pocket a year vs. $171,000 and you’ll have a company worth a lot more in just a few years. Contact us today and we can go over the details, as we’ve been selling these businesses for 13 years and know how they operate for maximum profits.
This is One of THE TOP Franchise brands in the NATION, with a reputation for putting MORE MONEY, as a percentage of sales, into YOUR pocket. Some other brands seem to have huge sales with low margins...Not the case normally with this brand and we have the income statements from multiple locations to prove it (contact us to discuss, with NDA in place).
THE COMPANY:
The business focuses on sending caregivers to a client’s personal home/residence to help them with daily life activities, such as light cleaning, food preparation, grocery shopping, walking with them and just basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility. The company has active clients and a great roster of high-quality caregivers, as well as trained/seasoned staff.
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.
THE APPRAISAL:
THE OWNER HAD A WALL STREET LEVEL APPRAISAL completed on the business. Wells Fargo, US 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.
POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT(ROI): 43%
• Total Purchase Price:$490,000 [Appraised price, not an asking price]
• Down payment:$110,000
• Current SDE (cash flow of the business)$172,360 (3 year weighted average*)
• Amount financed:$380,000
• Debt service per year (annual note payment):55,325 (10 year at 8.00% approx)
• SDE less debt service:$117,035
• Assume new owner wages a year:$70,000
• Remaining SDE (cash flow) after owner wages and paying annual debt service:$47,035 So even after paying your debt service each year and taking out $70,000 in a wage you should still have $47,035 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
• 43% 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 for this model, is that you actually work in the business as stated above. Clearly in the stock market you would not be working in the company you held stock in.
• This scenario does not include working capital. Possibly could be secured with a bank as part of your loan package, if qualified.
• Important:Do not take our word for it on the investment information, call and meet with your accountant and make sure they agree 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 advisor's opinion and are comfortable with the seller's presented numbers.
SALES/SDE HISTORY:
2019: $507,473 / $56,869
2020: $986,733 / $122,589
2021: $1,109,330 / $235,297
2022 (*projections): $851k-962,000*/ $159,713
*SDE: $172,360 3 year weighted average
TRAINING/SUPPORT:
YOU DO NOT NEED ANY EXPERIENCE IN THE MEDICAL INDUSTRY TO SUCCEED. Extensive training and ongoing support provided by franchisor and seller. You will be trained on all you need to know to be successful and build your business.
Gross Revenue and Cash Flow stated by seller. Buyer must verify/confirm all data/information with seller and their own advisors.
CONTACT US TODAY For the short online Non-Disclosure Agreement.
The seller has elected to keep the franchise confidential pending an executed non-disclosure agreement.
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