Contact: Glen Toadvine
Email: [email protected]
Your Reference ID: GT1090617
The founder-owner-seller of this very successful five year old home health care business is a serial entrepreneur who is looking forward to selling his high cash flowing business in order to move out-of-state for his next challenge. His decision could be your opportunity.
Located in a desirable SE Michigan suburban community, this business is licensed to do business anywhere in Michigan and carries the coveted A+ government rating. The company’s 20 employees assist some 50 clients with cleaning, cooking, and medical reminders, to name a few of the regular tasks. Clients could have dementia or other mental/physical problems.
75% of the clients are on Medicaid with the balance divided between private pay, health insurance and other insurance. The company has excellent books and records both for its finances and it clients files.
With $250,000 of annual revenues, the business has an impressive $138,000 SDE (seller’s discretionary earnings are the historical, normalized cash flow available to pay an owner-operator and service debt). Aggressively priced at $125,000 (only 0.90x SDE!) the seller will also consider carrying a very high five figure seller note to enable a hard-working but undercapitalized buyer to purchase the business. Additionally, the seller will offer a full months training as part of the purchase price.
To learn more about this very profitable niche business, please contact Glen Toadvine (email@example.com).
Location(s): Metro Detroit
Asking Price: $125,000
Cash Flow: $138,000