Seller's Contact Information
- RE: Home Based Personal Care For Older Adults - MN
- Contact: Bob Cahn
Quick Facts
Asking Price: | $1,750,000 | |
Annual Revenue: | $2,349,742 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $408,264 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1998 | |
Employees: | 80 | |
BBN Listing #: | 656858523 | |
Broker Reference #: | OHG229211 |
Business Overview:
This award-winning franchise provides in-home living assistance for self-pay, elderly clients that are intent on aging in place with dignity and grace. Current ownership seeks to pass the torch to a purpose driven, servant leader and managing owner capable of purchasing the Company and taking it to the next level while preserving its compassion care culture.
Serving area families for 25 years, the franchise is well known for matching clients with reliable and compatible caregivers that assist with essential activities of daily living such as safety, recreation, medical reminders, meal preparation, errands, transportation, and personalized care.
A highly effective, highly tenured office team markets and coordinates home care among a caregiver workforce of more than 70 well-trained, directly employed caregivers. Revenue is generated solely from clients that either pay out of pocket or with the help of long-term care insurance. A loyal network of recurring referral providers is a primary source of new clients.
The protected franchise service area is comprised of a growing senior population of 70,000, 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 as inactive caregivers return to the workforce.
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Property Features and Assets:
A high performance team of 7 office staff operate from a fully equipped, centrally located office in Edina. Industry experience is not required. Comprehensive mentorship, management training and transition support will be provided by the Seller and franchisor.
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. The oldest of the 83M US Baby Boomers, the largest segment of the US population, will be 77 years old this year. The industry refers to this demand as the “Silver Tsunami.”
Reason for Selling:
Career Downsizing
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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