Profitable Home Care Agency - $4,000,000 in Sales

Wilmington, DE
New Castle County

Asking Price: Annual Revenue:
$1,490,000 $4,134,000

Services: Senior Living & Care, Assisted Living

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RE: Profitable Home Care Agency - $4,000,000 in Sales Broker: David Tobin

Quick Facts

Asking Price: $1,490,000
Annual Revenue: $4,134,000
Net Profit: $356,000
Cash Flow: $473,000
Total Debt: Not Disclosed
FF&E: $41,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: 11
BBN Listing #: 981420804
Broker Reference #: 188

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Business Overview:

You can own a well-established and profitable home care agency that has been serving clients in New Castle County in Delaware for 34 years. The company has a roster of 200 well trained caregivers who provide non-medical assistance to an average of 124 clients per week. You will take over a stable company that has 11 highly trained, skilled, and passionate employees with an average tenure of eight years. The company is one of the top-performing (in terms of size, net income, and turnover rate) franchisees from one of the nation’s leading home care organizations. They have achieved one of the lowest turnover rates for caregivers in the industry–less than 10%. In addition, their territory is twice the normal size (population of 600,000 compared to 300,000) because they were one of the first franchisees. They have proven business processes and have a diversified sales and marketing pipeline to attract clients and caregivers. The current owner is willing and looks forward to staying involved for a period to assist with a profitable and smooth transition. If needed, the owner will continue to act as the director until one can be found. In addition to an experienced staff and turnkey document processes, the franchise offers robust ongoing training and field support.

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Property Features and Assets:

The company leases 1,500 square feet. The lease expires in January 2022.

Market Competition and Expansion:

As the baby-boomer generation ages and the elderly population grows, the demand for the services of home health and personal care aides continues to increase. Five out of the 20 industries projected to grow the fastest from 2019 to 2029 are in healthcare and social assistance, the fastest growing industry in the economy. Over the next five years, the number of adults aged 65 and older is expected to grow to 63.4 million people. Overall employment of home health and personal care aides is projected to grow 34 percent in the same period, much faster than the average for all occupations. In addition to direct pay from clients, they have contracts with Medicaid and the VA that provide growth opportunities. This agency has robust sales and marketing resources and processes and a staff to capitalize on growth opportunities.

Reason for Selling:


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.

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