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Fast Growing Elderly Care Biz - Owner Will Finance Half
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1025000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 50 - 99
Inventory 25000
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Leased
Training The current owner will train a new owner as needed.
Reason for Sale Owner lives out of the area and wants to focus on another business.
Description Ask price only $700K!
Sales have tripled in just over two and a half years at this company and are likely to grow close to another 50% this year! This elderly care business is taking advantage of one of the obvious demographic shifts in our country. While the current owner has done well growing the business, there is still much more room to run with this company. With the heavy lifting over with, this business is primed for the next owner to take it to the next level. Sales were just over $1m in 2012 with cash flow of $249k. Sales should approach $1.5m in 2013 with cash flow of $400k, as the past few months are already approaching that run rate.
While there are other companies in this industry, this business has a strategic edge in that it has been around for a long time and has a name within the industry. The business is firing on all cylinders now and is primed to reap the rewards of the Baby Boomers' aging process.
As mentioned, sales have tripled in the past two and a half years with more growth on the way. With not only the greater Austin area growing at a rapid pace, this company has primed the pump when it comes to referral sources sending in new business to this business. As with many businesses, part of this growth is due to doing the right thing by the customer and hiring a very competent staff.
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