Price
$1,900,000
Profit *
$800,000
Sales Revenue
$4,000,000
Location
Sydney Region, Parramatta
Category
Beauty/Health, Nursing Home
Listing #
NSW09059
EOI Seeking Offers over $1.9M
Aged Care Support Business – well est (provider of physios to aged care residents) whereby the govt pays the facility, facility pays the physio business = no Medicare! Residents are treated onsite….no rent to pay + physios are attached to 1x or max 2x centres = continuity of care!
Est 10 yrs, the business has numerous service contracts w/ multiple residential aged care facilities & a few wellness centres. Each service contract specifies designated service provisions/wk (either by hr or by treatment) at agreed rates for either 1x or 2x yr terms, that renew automatically upon their anniversary.
Healthcare professional are recruited to fulfill these service contracts and are managed by team leaders and clinical managers.
There are excellent opportunities to expand the scope of the services offered, increase the no# of hrs of service to current clients & to bring in new customers both in Sydney or nationally.
The current owners are physios but operate as clinical managers, that oversee decision-making & operations. This is a business that would suit an astute investor or someone with a keen interest in, or experience of, the aged care sector.
Opening times: 5 days/wk, standard business hrs
Reason for sale: Owners are tiring & have accepted the desire to devote more time to young family responsibilities rather than investing into growing the business to the next level. With a separate negotiation required to maintain owners for a longer transition period; their preference is for a one to three month handover. Appropriate warranties will be provided.
About The Sale: Recently this business has been experiencing accelerated growth of income year on year. It has continued to perform strongly + has grown throughout COVID. The business is well positioned to expand further + outside Sydney. Incl in the sale of the business is the database of service contracts w/ customers, service providers/employees + the website.
Annual T/O circa $4M. Adj. maintainable EBITDA circa $800,000. Seeking offers around $1.7M.
Ref: NSW09059
Sally Stuart
Business Sales Consultant
Phone: + 61 2 9899 1999
Mobile: +61 437 082 045
Email: [email protected]
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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