SOLD – Assistive Senior Services Company

An exceptional opportunity to acquire a highly reputable and established Senior Care Service Business in the St. Louis area. This business stands out due to its unique peer-to-peer care model, where seniors are empowered to assist other seniors. This innovative concept has proven to be both successful and meaningful, as it promotes companionship and understanding between the caregiver and the client.

Business Overview:

- Type of Business: Non-medical Home Care Service for the Elderly
- Location: St. Louis, Missouri

Features:

1. Unique Business Model: Unlike conventional senior care services, this business specializes in employing senior caregivers to provide assistance to their fellow seniors. This model fosters a deep sense of camaraderie and relatability among clients and caregivers.

2. Diverse Services: The business offers a broad range of services including companionship, transportation, light housekeeping, meal preparation, and more. All of these services are aimed at helping seniors maintain their independence and improve their quality of life.

3. Strong Reputation: With an emphasis on respect, empathy, and dignity, this business has established a strong reputation in the community. Positive word-of-mouth and client satisfaction have been key drivers in its success.

4. Growth Potential: The demand for senior care services is on the rise due to the aging population. This business is perfectly positioned to capitalize on this trend.

5. Training and Support: The current owner is dedicated to a smooth transition and will provide the necessary training and support to the new owner.

6. Established Customer Base: The business has an established client base and caregiver network, which can provide a steady revenue stream for the new owner.

Down Payment: $58,000

Total Sales: $625,000

Cash Flow: $245,000

EBIT: $245,000

EBITDA: $245,000

Accounts Receivable: $12,000

Accounts Receivable Included: No

FFE: $7,500

FFE Included: Yes

Inventory: N/A

Inventory Included: Yes

Year Established: 2014

Year of last Acquisition: N/A

Days & Hours of Operation: By appointment with answering service on call 24-7 and website contact also monitored.

Owner Hours Per Week: Absentee; Varies; 20-40 hrs/week as desired.

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 3

Managers: 1

Absentee Owner: Yes

Security on Lease: No

Lease Option: N/A

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Type of Location: Home-based Business

Franchise: Yes

Relocatable: Yes

Facilities Information:

The business does not require any special commercial space and may operated from a home-based office.

Terms and Conditions?:

SBA pre-qualified for Creditworthy Candidate; terms negotiable; Owner prefers quick and clean exit, willing to train.

Reason For Sale:

After 10 years of successfully starting and growing the business, the Owners are ready to retire.

Training & Support:

4 weeks transition and local training provided by the Owne/Seller. Additional training and support provided by Franchisor.

Historical Summary:

Established in 2014 as a way to give back to the community and to serve others. A successful tale of ownership with many happy clients and families.

This is an excellent opportunity for someone who is passionate about making a difference in the lives of seniors. Whether you’re an entrepreneur looking to enter the senior care market or an existing operator looking to expand your portfolio, this business offers an incredible chance to make a positive impact while also achieving financial success.

Owner Qualifications:

Business acumen and good interpersonal skills; must love the elderly!

Competition:

There are several local, regional, and nationwide elder care service providers and a variety of senior care centers and assisted living facilities. Families are seeking different solutions and like to research and investigate before making a decision. Word of mouth, reputation, and referrals are key to gaining client trust and engagements. The quality of the service is the main discriminator followed by the variety of services and the reliable communications.

Potential Growth:

The business does not utilize a marketing campaign and devotes only the minimal required budget towards advertising and yet still generates over $600k/year in sales. There is opportunity for a better marketing plan to increase general brand awareness. Other areas of growth include networking among the various senior care medical practitioners in the area. Informational campaigns, such as through social media, are under-utilized and could open a great deal of new sales. Additional areas of growth to consider are:

1. Payer Relationships- increased access to Medicare programs.
2. Referral Networks- companies that share common marketplace demographics and who supplement or compliment the services you provide.
3. Tech Tools- incorporating technology to improve communications and engagements while also distinguishing your services above others.
4. Home health support for senior patients with chronic conditions.
5. Greater involvement in home treatment non-medical programs.
6. Data tracking and information gathering to qualify for certain Medicare programs.
7. Support for medical equipment use, training, and assistance.
8. Demographics population is continually increasing.

Financing/Terms:

Negotiable.