{"id":1625,"date":"2018-02-20T14:07:59","date_gmt":"2018-02-20T14:07:59","guid":{"rendered":"https:\/\/www.grouphomeriches.com\/?p=1625"},"modified":"2018-02-20T14:07:59","modified_gmt":"2018-02-20T14:07:59","slug":"much-can-make-group-homes-hint-try-70-million-money","status":"publish","type":"post","link":"https:\/\/grouphomeriches.com\/much-can-make-group-homes-hint-try-70-million-money\/","title":{"rendered":"How Much Can I Make With Group Homes? Hint: Try $70 Million"},"content":{"rendered":"

How Much Can You Make With Your Group Home Empire? Here is one that just sold for $70,000,000\u00a0\u00a0<\/strong>
\nGood Morning! I wanted to add some inspiration to get your TUESDAY started on the right track.<\/p>\n

Many of you ask me, “Andy, How Much Is My Business Worth? Other ask, “How Much Can I make With Group Homes?”<\/span><\/strong>
\nThe quick and short answer is however much someone is willing to pay. That said, just like we discussed interest rates the other day, I want you to understand that all businesses and real estate are priced based on how much income they will bring in over time. That is why the second part of the above question is so important. “How Much Can I make With Group Homes?” To reiterate…..it is all about the INCOME that the asset will produce over time<\/p>\n
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CAN I SELL MY GROUP HOME AND SERVICE BUSINESS FOR $70 MILLION?<\/span><\/strong><\/div>\n<\/div>\n<\/div>\n

Absolutely. That is why I included the data from PitchBook above. On the left side, you will see the Company Name – D&S Residential – and you will notice that it was acquired by Comvest for $70,000,000. Yes, This GROUP HOME OPERATING BUSINESS was sold for $70 MILLION.
\nLook, I am not telling you this is Warren Buffett or Carlos Slim money. Its a drop in the bucket for them. But for the average UBER WEALTHY person, this is a lot of SCRATCH.
\nD&S Residential started off just like many of you are starting off right now. With 1 home.
\nIn fact, I actually personally know the first banker that financed them. A small little bank about 80 miles North of San Antonio TX and 25 miles southeast of Austin. Yes, the owner started with 1 Home.<\/p>\n

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WHY AM I TELLING YOU THIS STORY?<\/span><\/strong><\/div>\n

1. Group Homes Produce Income. Businesses are sold based on the income they will produce over time. How much can I make with Group Homes truly is the question. And the answer equates to the price
\n2. 98% of people start small. The owner of D&S started with 1 home!
\n3. The owner of D&S invested in himself and obtained knowledge. Just like compound interest, he added to his knowledge base each and every day by reading and studying. Whether it was a course like the\u00a0GOLD COURSE<\/a>,<\/span>\u00a0or going to industry conferences, he\u00a0INVESTED IN HIMSELF everyday<\/span>
\n4. You need to understand the potential and have a vision. As the Old Book says, “without vision, the people will perish”
\n5. Anything is possible! Look, D&S didn’t turn into a $70,000,000 company overnight. It took effort and focus.
\n6. HE STARTED! HE TOOK MASSIVE ACTION! The owner of D&S did not waste time. He knew the opportunity was HUGE and he wasted no time. He too asked himself the question, “How much can I make with group homes?” and he obviously found the answer \ud83d\ude42
\nI encourage you to WASTE NO TIME……
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\nIf you want to get started in the GROUP HOME<\/span>\u00a0business, assisted living, care home, transitional home ICF MR Home or other…….
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