CONFIDENTIAL SALE
UNDER OFFER
23/01/23
506941
7240B / Rightbiz
• 2023 T/O £1,306,000
• EBITDA c£292,000
• 90 Service Users & 59 Carers
• c. 1700 Care Hours P/W
• 95% Private clients
• Strong YoY Growth
• Dual Registered
• Stand Alone or Bolt On
Offers invited for 100% Share Purchase
The Business:
The business has grown organically over the years and has become renowned locally for providing a very high standard of care. The business currently provides care and support to clients with a variety of needs these include provision of live-in care, sleep in care, waking nights, 24-hour care, hourly care, respite care, Dementia care, domestic support, complex care, palliative care, and hourly care. The business is dual registered to also look after children with disabilities.
Whilst focussing predominantly on Private Clients, the business has very good relationships with many social workers on the Island, which trust and regularly call the business with private, and flexi funded care packages, where Clients who leave hospital and require care at home are financially assessed in hospital by a social worker and if they do not have enough money to pay for care at home, they are allocated funding by the government.
Customers:
At the time of writing the business provides on average c. 1700 hours per week of care to 90 service users, over 95% of whom are private clients. The remaining are Flexi funded by IOM government.
Staff:
One of the Directors is the Registered Manager, the other Director is the Operations Manager, who manages the rotas/scheduling. There is also a Care & Training Manager within the office that works alongside another Manager, who also completes/manages all in house training. The office team are supported by a team of 59 carers who are employed on Zero hours contracts to service the community. Certain team members are already being set up to ‘step up’ as a care manager if required to do so and part of growth plans, the business is employing an admin assistant for 3 days per week to assist within the office with the view of placing less reliance on the Directors. The bookkeeper works within the office for 2 days per week, has a broad knowledge of the business and assist with day-to-day operations.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'UNDER OFFER Domiciliary Care Agency Isle of Man - 7240B / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.