Description

Sold! – social services company for sale

PRICE: $11,600,000
INDUSTRY: SERVICE
LOCATION: ARIZONA

Listing Description

The subject company is one of the leading social services companies in the State of Arizona for a broad range of services they provide to individuals that qualify for State supported programs. Since its inception, the company has grown to serve several counties in Arizona, serving an average of approximately 2500 individual clients each month and has an extensive list of separate contracts with the State of Arizona. It has a staff comprised of over 350 employees and independent contractors.

The Department of Economic Security (DES) is the safety net agency for the State of Arizona. As one of the largest agencies in state government, DES serves more than 2 million Arizonans annually through more than 40 programs that address the social and economic needs of those we serve. DES’s more than 8,000 employees serve Arizonans from Phoenix to Tucson, Yuma to Flagstaff and from Douglas to Page. The agency’s tagline: “Your Partner for a Stronger Arizona” is intended to frame the work efforts toward growing the capacity of Arizonans in need of safety net services, and where possible, reduce their dependency on those vital supports.

Listing Details

Asking Price: 11,600,000

Gross Income: $10,531,421.66

Down Payment: $11,600,000

Cash Flow: $3,344,562.24

FFE: $350,000 (Included in Price)

Reason For Sale: Retirement

Training & Support: The Seller is willing to provide a reasonable training and transition period.

Operation

Days & Hours of Operation: Monday – Friday

Owner Hours Per Week: 40

Employees: 350+

LOCATION

General Location: ARIZONA

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