Franchise Home Care Agency With VA And 10 Year
Relocatable, IL Cook County
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- RE: Franchise Home Care Agency With VA And 10 Year
- Contact: Matt Friscia
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $670,315 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $70,795 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $2,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 42 | |
| BBN Listing #: | 995796 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Long-standing in home senior care franchise for sale with over 25 current clients, over $650k in annual billing & 350+ weekly billing hours. 38+ Employees (W2s) on the caregiver roster with 27 current, active on payroll. This agency is Veterans Administration accredited as part of their Veteran’s Choice / Community Care;
program (17% of revenues in 2024 came from VA clients). Long term care insurance can be accepted for this service. This business also has a prime territory in Cook County with opportunity to expand rapidly. If you are open to anything in the staffing and/or healthcare industry, this is worth a look. It provides a tremendous base to work off of and expand. A brief conversation will be required with the business broker after an NDA is signed prior to receiving the CIM. A license from the Illinois Department of Public Health (IDPH) is required to run this business. >>
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Property Features and Assets:
Monthly Rent
$310,00
Square Units (Foot, Meter)
200
Lease Expiration Date
Terms Options
Month to Month
Market Competition and Expansion:
Competitive Overview
There are 600+ in home care agencies (home services) registered in the state of Illinois. It is a lot hard to start from scratch these days, but the need for this service with baby boomers continuing to retire (silver tsunami) is tremendous. The majority of seniors want to find a way to stay in their home this fits that need.
Potential Growth
Locally, this agency is barely scratching the surface is its potential in a large market such as the Chicagoland area. Nationally, according to Fortune Business Insights, the U.S. home healthcare services market was valued at $90.5 billion in 2022 and is expected to reach $156.3 billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030
Reason for Selling:
Retiring. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Illinois businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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