Listing Number: 60270-699248
Description
We are delighted to present an exceptional opportunity to acquire a fast-growing and highly profitable senior placement agency located in northern and central Kentucky. This is a turnkey and fully absentee business that requires minimal owner involvement. The owners have personally founded and developed a business model anchored on providing comprehensive service and personalized assistance to families in need of senior housing placement. As a result, this business has quickly become a locally trusted resource for families throughout the region who seek the best living community environment and fit for their senior parents, relatives, or friends.
Key Features include:
Turnkey and Fully Absentee. Current owners and CEO have established a fully functional and highly successful operation with minimal day-to-day involvement. Ready for you to take over!
Major Markets. Currently serving clients in two major metropolitan market areas, with expansion into a third major metropolitan area ongoing now. Your investment includes all three!
Strong Financials & Upside: 70% sales growth and 44% net profit growth in 2022 vs 2021. Current year (2023) results projected slightly off vs 2022 due to recent seasonal softness across the total industry. 2024 projections include currently ongoing expansion into the third major metropolitan area. New market revenue is projected to start in October of 2023.
Fully Staffed with Industry Experts: Regional staff are in place, trained, and experienced to continue rapidly growing the business for you! You provide the support; they do the rest! Current owners will provide transition guidance for an appropriate amount of time to get you started quickly.
Established Relationships: Current non-tangible assets including annual contracts and relationships with all current hospitals and senior living centers in all three regions are included with the business purchase.
Strong Reputation & Online Presence: All 5-star reviews from satisfied clients! Consistent word-of-mouth referrals drive organic growth in addition to an eye-catching, professional, and user-friendly website.
Minimal Overhead: No brick-and-mortar leases or landlords. Fully online and remote business and workforce.
Huge Growth Opportunity: Current owners are doing no online marketing, social media, or search engine optimization. These opportunities, coupled with minimal competition, represent tremendous upside for the savvy new business owner.
Macroeconomic Upside: As the baby boomer generation continues to retire and find a need for these services, the opportunity here continues to grow! Take advantage of and invest in this multi-billion-dollar industry!
If you are passionate about making a difference in the lives of seniors and their families, this business offers an unparalleled opportunity to combine purpose with profitability. Don't miss your chance to be a part of this fulfilling and lucrative industry with tremendous upside potential!
Financials and Further Details:
Financial information and further details about the business will be provided to serious and highly qualified buyers only upon the signing of a non-disclosure agreement (NDA) and pre-qualification conversation.
Price: $4,900,000
2022 SDE: $620,000
2023 Projected SDE: $500,000 (see notes above)
2024 Projected SDE with 3rd territory: $1,000,000
Listing Details
- Price: $2,900,000
- Down Payment: $2,900,000
- Sellers Discretionary Earnings: $620,000
- Total Sales: $802,000
- Location: Kenton County, Kentucky
- Inventory: $0
- FF&E: $0
- Employees: 5
- Reason for Selling: Other Priorities
- Category: Medical Related Biz
