Listing Number: 020222-464165
Description
The company has hit the million-dollar mark consistently over the past several years.
First question: How much revenue does one person account for?
DL - $17,000 monthly, $1250 Monthly Rent
DD $17,000 monthly staffing services, $950 monthly Rent
CJ $12,900 monthly staffing services, $889.oo monthly rent
RS $17,000 monthly staffing services, $700 monthly
SS $10,500 monthly staffing services, $700 monthly rent
TB $17,000 monthly staffing services, $1250 monthly Rent
MG $17,000monthly staffing services, $900 monthly rent
NA $12960 monthly staffing services , $880 monthly Rent
JS $12,960 monthly staffing services, $850 monthly
JB- $800 monthly
JS- $875 monthly
Client acquisition is paramount to ensuring the company’s survival.
Second question: Does the company have a client acquisition process, and will we be able to replicate it as the new owners of the company? Yes, very easy due to the high demand for beds
There’s an excellent sized caregiver staff.
Third question: How many staff members do you foresee leaving the company once it changes hands? If done properly I don't for see
I have some concerns about the company’s future growth and the risks associated with it; which makes me curious about the terms of purchase.
Fourth question: Does the company have a line of credit? No
Fifth question: Are there any loans, invoice factoring, or other debt? SBA Loan $300,000
Sixth question: Is the company name included in the sale? yes
Seventh question: Is there any one employee that the owner trusts above all others? One manger really stands out
Eighth, and most important question: Because this company has been your baby for years: “What is the one thing that must not change in any way?” Direct contact with client and family is a must
Rent roll private pay other all Medicaid
add backs..
Also on 2023 add backs total of another 222,270.44 From his salary of 45k wife 60 k clothing of 28089.05 Travel of 39,058.89
Auto of 28,101.79 health insurance of 22,020.71
Total profit of 222,270.71 + 410,752.82 = 633,023.53Almost a million dollars in Real Estate Assets. This Assisted Living Facilities with management in place has a Long History. Owner is mainly absentee and willing to train. Plenty of room for growth. This business is recession proof.
Services that manage homes throughout the Tri-County Area. Offers Community Living Supports, and Home Health Care.
With also offering: Single occupancy and Shared rooms, 24-hour staff supervision, Daily meals and snacks,
Transportation, and creating a home environment.
Contact for an NDA - Eric Obloy at 248-933-5411 or email: [email protected]
Listing Details
- Price: $ 2,200,000
- Down Payment: $2,200,000
- Sellers Discretionary Earnings: $ 633,024
- Total Sales: $ 1,659,440
- Location: Wayne County, Michigan
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Year Established: 1987
- Reason for Selling: Relocation
- Category: Medical Related Biz
