Essential Home-Based Senior Care – Chicago Area

Elgin, IL
Kane County

NW Chicago Suburbs


Asking Price: Annual Revenue:
$875,000 $2,118,440

Services: Senior Living & Care, Assisted Living


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RE: Essential Home-Based Senior Care – Chicago Area Broker: Bob Cahn
Owner Financing is Available!

Quick Facts

Asking Price: $875,000
Annual Revenue: $2,118,440
Net Profit: Not Disclosed
Cash Flow: $226,714
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 80
BBN Listing #: 315858523
Broker Reference #: OHG226190

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Business Overview:

This award-winning Company provides in-home living assistance for elderly clients that are intent on aging in place with dignity and grace. Current ownership seeks a purpose driven, servant leader that values making a big difference as much as making a good living.

Serving Chicagoland families for more than 20 years, the Company is well known for its ability to match reliable and compatible caregivers with clients that need assistance with essential activities of daily living such as safety, medical reminders, meal preparation, errands, and personalized care.

A highly effective office team with combined Company experience of more than 60 years coordinates care among a caregiver workforce of more than 70 well-trained, directly employed, compassionate caregivers. Revenue is generated primarily from self-pay clients that either pay out of pocket or with the help of long-term care insurance.

Demand for home care is expanding amid the oldest of the 83M baby boomers turning 77 years of age this year and families opting for the safer alternative of one-on-one home care compared to group settings. The protected franchise service area is comprised of a growing senior population approaching 100,000, placing it among the largest territories in the network. With its high brand awareness and excellent reputation, the Company is well positioned for high growth.

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Property Features and Assets:

A high performance team of 9 office staffers coordinate care from a fully equipped, centrally located office.

Market Competition and Expansion:

Senior living assistance solutions include in-home care and facility settings like residential care communities and assisted living facilities. In-Home Care is preferred by the vast majority. In less than ten years, all 83M US Baby Boomers will be age 65 or older. The industry refers to this as the “Silver Tsunami.”

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

Relevant Links:

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