Business For Sale in 0 New_york

In Home Senior Care - Great Growth Potential

Advert Id: 48847, Sellers Ref: (NY!)
  • Location:New York
  • Category:Not Disclosed
  • Asking Price:$900,000
  • 900000
  • Sales revenue :$1,083,074
  • Net profit :$384,798
  • Furniture/Fixtures value :$8,000
  • Inventory/Stock value : Undisclosed

Business description

~~Introduction: 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 18 years of experience that has become a widely recognized brand name in the senior care field.

The 85 year old 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.
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.

~~Competitive Advantages
The Company has earned and developed 4 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 full time Community Service Representative and additional services.

~~DAYS AND HOURS: Monday through Friday hours are 8:00am to 5:00 pm.

EMPLOYEES: One full time and 37 part time employees.

REASON FOR SALE: The Owner is of retirement age and will be retiring with the sale of this business.

Terms:
Seller Financing:
The seller will consider offering financing at 6% over 6 years with a 30% down payment to a qualified Buyer. The Seller note to be secured by the business and real-estate or other collateral in addition to a personal guarantee by the purchaser.
-OR-
Small Business Administration Loan: The Company is being offered under SBA financing terms with the Buyers cash infusion of $135,000, Commercial Lending of $675,000 and Owner Note of $90,000. The term of the SBA loan is 10 years at an interest rate of 6.0% with payments of $8,493 per month with the owner subordinating their note to the bank.
The owners note will accrual interest at 6.0% with no payments for the first 2 years. The note payments will begin on the 1st day of the 25th month for 96 monthly payments of $1,314.

  • Selling Assets: All assets of the company are being sold with the business.
  • Years Established: The owner established the business in 2004
  • Employees: One full time and 37 caregivers (part time)
  • Trading Hours: 8:00 am - 5:00 pm Monday - Friday
  • Support Training: Owner will train a buyer for 30 days
  • Reason For Selling: Owner is retireing
  • Lease Terms: Owner is currently on a month to month lease
The Cbb Group, Inc

Enquire Now

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