About the Business

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 the business registered with the NDIS.

A recent audit conducted a couple of months ago is due to be finalised in late August/early September, at which time the ongoing status of the Registration will be known.

In operation now for over 4 years, revenue in FY25 was $2.5M (down from $3.2M in FY24), partly as a result of the business having only one managing partner for 7 months and in part due to changes within the NDIS program itself and problems encountered during an audit. The audit result was successfully challenged, and a new audit has been undertaken and completed. The business is currently submitting all of the paperwork required to obtain Re-Registration under the new ‘Tiered’ Provider structure and is hopeful that this will be completed very shortly.

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 will obtain a 50% share in both the Asset Holding entity and the Trading Entity. The assets of the business include the office premises purchased in 2023 (under mortgage). The region has seen a significant increase in the value of residential and commercial property assets (approx. 25%) since the building was acquired.

- 5 F/T staff (inc 1owner – would benefit from 2)

- 29 Staff in total (22 Cert III qualified)

- Scope to expand both in services and territory

- Selling owner worked 25 hrs per week prior to leaving in Nov 24

- Local competition reducing due to registration requirements

- Owners Income for FY 23, FY24 & FY25 will be disclosed to interested parties

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 was doing, 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 other business interests located approximately 180Km away. He would like to grow these businesses and devote all of his time to them.

Asking Price: A 50% share in the trading and asset holding entities is available for $249,000 ONO for quick sale.