Four year old Private Duty Home Care Agency for sale in Orange County, California. Part of nationally known, top-rated franchise brand (with non-medical and skilled divisions), which is ranked by Franchise Business Review in the top 5 in terms of growth.
This business has a franchise territory that covers a wide area in Orange County that includes Newport Beach, Newport Coast, Corona Del Mar, Irvine, Mission Viejo, Lake Forest, Laguna Woods and Laguna Hills. It services one of the most demographically attractive senior care markets in the Country.
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Property Features and Assets:
The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The Business has established 10-15 National referral sources, a database of 200+ local referral sources, and 200+ hired, trained Caregivers on payroll through ADP. Senior care is a $55 Billion recession proof industry. This business requires no prior home care/medical experience.
Market Competition and Expansion:
Since its launch, the company has experienced dynamic financial growth. In 2011 more than 95% of their revenues were cash based (42% of which from LTC insurance cases), while the remaining 5% came from childcare services associated with a National Employee Assistance Program. Client counts range from 25 to 35 in a given week. Large potential growth opportunity exists with the introduction of Skilled services at the discretion of new owner.
With professional offices strategically located , the company provides both long and short term care to their clients, most of which receive between 8 and 24 hours of care per day.
The asking price for this opportunity is $295,000, with Seller's Discretionary Earnings at $100,000. The seller would like to pursue other interests but will assist during a transitional period. The rest of the staff and caregivers, all of which are W2 employees, are available to work with a new owner.
Reason for Selling:
- 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.