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UNDER LOI – Home Care Business Southwest MI

UNDER LOI – An industry in high demand, serviced by a business with a long-standing reputation, is a recipe for success. Whether you have the entrepreneurial spirit and are looking to take the reigns and control of your own destiny by becoming a business owner or you are already in this industry and are looking to a quality acquisition target, you won’t want to miss out on this one. This highly regarded business has a proven track record and a top-notch staff to help you continue on into the future.

With 17 years of successfully providing care for seniors, so they can remain safely in the comfort of their home. This includes a helping hand with chores, errands or transportation, as well as companionship, assistance with personal care and reminders to take medications. This business addresses concerns to provide the non-medical services needed and provides support to the family and friends.

Listing ID:

ABB-22035298-90

Location:

Southwest Michigan

Type of Business:

Home Care

Asking Price:

$1,200,000

Gross Revenue:

$1,750,000 (2022 Projected)

Cash Flow:

$275,000 (2022 Projected)

Inventory:

FF&E:

$35,000

Established:

2005

Employees:

2 Owners, 4 F/T, 51 P/T

Facilities:

Building sits in a complex of other businesses. The space leased is about 1900 sq. ft. The rent is about $2,600 a month including NNN charges.  The lease ends in December 2023.

Real Estate / Lease Terms:

Leased – details available on request.

Growth Opportunity:

Staffing is key to success in this industry and currently the seller has hire more new staff this year that last year. Continuing to add staff to meet client demand will increase profitability.  The need for dementia homes and staffing through the agency could add to returns.

Competition:

There are a wide number of choices for in home care in Southwest MI, very few have had longevity and the stability that has been seen as with the business being offered here.  This is a competitive landscape for both clients and employees and this business has found a winning combination providing reliable and quality service giving clients more time, more independence and more freedom while creating a respectful culture to attract and retain employees.

Financing:

Support & Training:

Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees.

Reason for Selling:

Seller wants to retire and is looking for qualified buyer that will take pride in maintaining the integrity and reputation that has been established.  Seller will be available to work in the business during the transition.

Broker Contact:

E. Brad Scoffin – Advanced Business Brokers

Direct: 269-903-8143

Fax: 248-564-5259

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.