Agency Title: Independent Domiciliary Care Business

For Sale / Sold: Sold

Date Posted: 23 Jul 2018

Location: Essex

Guide Price: Offers Invited (Business)

Business Broker: Axis Partnership

Reference: 7157

Description

Independent Domiciliary Care Business

Location – Essex

Axis Reference 7157


• Turnover £2.1 million+
• EBITDA £350,000+
• 2,000+ Hours per week
• 140+ Service Users


The Business: The business was started by the current vendors and commenced operations early in 2006.

Services are provided to adults who, through illness, disability or physical frailty, are unable to maintain their independence without assistance.

The majority of business is based on a local authority framework agreement, awarded in 2014 with 4 years remaining (2+2). In addition, the business provides services to a small number of private customers.

A good team is in place who manage the day to day operations, as the vendors have been preparing for exit.

Key Financials:

2017
Turnover £2,135,868

Gross Profit £853,481
38.0%
Profit before Tax £137,565

Earnings Before Interest & Tax £354,123