Return To Opportunities List

Opportunities

Home Health & Companion Care: Non-Medical with Passive Owner

Sold

Selling due to diagnosis of illness!

CASH FLOW
$241,257

Specifications

  • Price
    $630,000

  • Revenue
    $698,973

  • Cash Flow
    $241,257

  • Down Payment
    10%

  • Multiplier
    3.35

  • Location
    Omaha Nebraska

  • Franchise

  • Service Area
    Greater Omaha metro in both Douglas and Sarpy County

  • Reason for Sale
    Owner has health concerns

This company was established in 2015 with a very unique mission to provide care and kindness to seniors in the community living independently in their own homes while also providing meaningful employment to other seniors in a caregiver position. The owner established this business in 2015 and in the last few years has been providing basic oversight while working part time, 10-15 hours per week. Unfortunately, the owner has been diagnosed with a serious illness that she has been battling over the last 18 months and it is now time for her to sell. There are two office managers who run the day-to-day operations, they are staying on board under new ownership. There are also 30-35 Care givers who all are classified as part time and are W2 employees, there are no 1099 contractors. Several office functions such as payroll and bookkeeping are outsourced. A new owner will only need to be there about 10 hours a week. If a new owner wanted to grow, there is absolutely no marketing or advertising and this could be something a new owner could add. This business is producing a 35% margin and is annualizing $700,000 in revenue this year, the highest they have ever seen! Due to the owner’s illness, this business is being sold for under fair market value at $630,000. There has already been a 3 rd party bank appraisal and we have had 2 banks fully approve this with 10% cash down from the buyer. The most recent success story is the addition of the VA contract that was awarded, which is one of the reasons they have seen year over year growth over the last 4 years. They are also covered under Medicaid and multiple long term care insurance companies. To show her vested interest in the continued success of the business, the owner has offered a 10% seller financing, plus will stay on up to 6 months or as long as her health will allow. Additionally, the franchise will provide support to the owner. If you would like to own this very meaningful company that provides a wide array of services such as companionship, transportation, meal preparation, and personal care, and make an impact on your community, you will need 10% down which will return $100,558 in the first year after debt payments!
Return To Opportunities List

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

Thinking of Selling?
When selecting an M&A firm, please use the following Scorecard: click here for our M&A Scorecard

The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.