Location
UK South West - Beautiful and scenic location, but centrally placed within franchise territory. Good travel links to many key areas of England.
Strong demographics for elderly care within the area.
Business Description
The owners have created a very successful business which achieved a rating of OUTSTANDING in all areas of inspection at the last assessment conducted by the Care Quality Commission.
The business runs with 20 staff in the office and has 210 clients who are serviced by 102 Care Professionals. A reasonably narrow spectrum of care is provided by the company, which in part explains the profitability of this business, however developing a broader market, such as Live-in Care would expand the diversity of the client base and profits would follow.
Financial Summary
Growth of the business has been steady with a revenue of £2,827,445 for Y/E 2022. Over the 3 years from 2021 to 2023 inclusive, the business has delivered an average profit over this time of £402,567 pa before Interest, Taxation, Depreciation, Amortisation, Exceptional Costs and Directors Emoluments.
A final point to new owners is that historically (Historically, in this context meaning an amalgamation of selling prices over 24 months ending Sept 2023) Home Instead franchises sell for a multiple of 3.81 X their weighted average EBITDA over 3 years. This business is presented to the market at 4.0 X 3 years weighted average EBITDA and therefore represents an exceptional opportunity to new owners who can expand the networking operation and take full advantage of the geography of the whole area of the territory.
Investment Rationale
A point of interest to a new owner is that the territory for the franchise area now includes additional postcodes which are as yet untapped, although this territory delivers impressive profits of a weighted average of approx. £402,000 p.a, there can be little doubt that revenues and profits still have tremendous room for growth by fully exploiting this area.
This is a Retirement Sale!
Transaction Information
Regarding Financing: There are strong relationships with private lenders and high street banks. Introductions can be made directly. Average LTV - 70%.
To register interest you will need to complete our Buyer Verification Process.
