Northeast Home Care Franchise Sold for $275K, LOI in 35 Days
Rachel Horner
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2 min read
About the Business
Industry: Home Care – Non-Medical In-Home Senior Care (Franchise)
Location: Northeast
Size: $250K–$500K in annual revenue, $100K–$150K in cash flow
Sale price: $275,000 (asking price: $320,000)
Listing to signed LOI: 35 days
Signed LOI to close: 56 days
The Challenge: Selling Fast From Overseas
The owner was relocating abroad for a new job and wanted out fast. He ran the sale from overseas, several time zones away from the buyer.
35 Days to a Signed LOI: A Fast Sale Run Remotely
What happened at every stage
Valuation: The agency went live at $320,000, about 2.8 times cash flow.
Buyer Outreach: The listing went to 403 sourced buyers at launch, and 34 buyers viewed it. A local first-time buyer reached out 3 days after go-live and met the owner on a call.
Offer Selection and Negotiation Support: The buyer submitted an LOI 21 days after launch. The owner signed it at $275,000 35 days after listing, in a largely seller-financed deal.
Diligence and Closing Support: The Baton advisor ran weekly remote check-ins with a shared tracker and a shared data room, keeping a first-time buyer and an owner abroad on schedule. The deal cleared franchisor approval and a switch from an asset sale to an equity sale, and closed 56 days after the LOI.
The Results
The buyer is a local first-time business owner who runs the agency herself. Through Baton's process, the business:
Sold for $275,000 in a largely seller-financed deal
Signed an LOI 35 days after listing
Closed 56 days after the LOI with the owner working remotely
What's next for the owner?
The owner works at his new job abroad. He gave the buyer a structured handover of systems, vendors and managers.
Advice and Lessons for Future Sellers
Be flexible on structure. Seller financing let a first-time buyer close without a bank loan.
Keep remote diligence on a weekly rhythm. Short weekly check-ins kept the deal moving across time zones.
Have managers in place. Two managers running day-to-day operations let the owner sell from abroad.