Opportunity for Investor only or Working Owner
Business ID: XB159745
Established by experienced care providers, this business has undergone the time-consuming and expensive process of having its business registered with the NDIS.
In operation now for over 4 years, revenue in FY24 exceeded $3.1M (FY22 $2.1M) with adjusted income to the owner who is selling for $320K. Early trading results indicate a further increase in revenue and profit for FY25.
The business operates two entities, one a trading entity and the second that owns the assets used in the business. The buyer of the 50% share in the trading business (which is registered with the NDIS) also has the option to purchase 50% of the shares in the asset holding company. The assets of the office premises were purchased in 2023 (under mortgage).
- NDIS Registered
- 4 F/T staff (inc 2 owners)
- 39 Casual care staff (37 Cert III qualified)
- Scope to expand both in services and territory
- Selling owner works only 25 hrs per week
- Local competition reducing due to registration requirement
With the other owner being fully conversant with the operation of the business the seller envisages only a short handover as being required. A number of staff members have also been trained to do the work he does and his tasks could be incorporated into the work duties of existing staff.
A suitable non-compete clause will be included in the contract of sale.
The vendor has 3 other business interests located approximately 180 km away. He would like to grow these businesses and devote all of his time to them.
Asking Price: A 50% share in the trading entity is available for $330,000. The buyer also has an option to purchase 50% of the shares in the asset-holding company for $230,000.
Property Code: 4101
