Home Care

Lubbock County, TX
Lubbock County

Asking Price: Annual Revenue:
$225,000 $602,560

Services: Senior Living & Care, Assisted Living

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RE: Home Care Broker: David Powell

Quick Facts

Asking Price: $225,000
Annual Revenue: $602,560
Net Profit: Not Disclosed
Cash Flow: $68,127
Total Debt: Not Disclosed
FF&E: $439
Real Estate: Not Disclosed
Year Established: 2011
Employees: 55
BBN Listing #: 98914955
Broker Reference #: 6002-13756

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Business Overview:

The home care industry is poised for exponential growth. Currently there are 34 million seniors aged 65 or older in the U.S. and through 2028, 70 million Baby Boomers will turn 65 with 10,000 more each day. As you stand in the doorway of an exploding industry, the market is wide open for a leader, with the help and resources that the franchisor offers, you will have the tools and the confidence to take charge.
Since 2001, this large franchise home care service has established itself as a premier non-medical, home care provider for all ages, including the disabled, the elderly and those recovering from illness and surgery. Not only does it offer tremendous career opportunities for you and other franchisees, entrepreneurs & employees… they give back to the community by providing a much needed service for those who are unable to maintain their everyday lifestyles, whether it is a temporary situation, or something more permanent and more economically than the Home Healthcare Market.
* History Financial Summary below includes manager salary as owner operator proforma.

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Property Features and Assets:

Located in a rapidly expanding West Texas city, all business and services are managed from a local office. Building has approximately 1,250 SF and features four offices in a desired southwest location. Assets: $198,729

Market Competition and Expansion:

The local franchise office currently has 3 full-time and 40-60 part-time personnel at any given time. Management consists of general manager and operations manager. Currently servicing 57 clients. The primary competitors are: Comfort Keepers, Calvert, Home Instead & Best In Home Care. The sellers feel this business would be better served by having an owner/operator like the other offices rather than passive investors such as the current local group. They have proudly achieved some success in growing the brand and being recognized by Home Care Pulse as a provider and Employer of Choice. We think significant growth and profitability can be achieved. Currently we do not receive referrals from the hospitals this could generate significant growth with hospital focus. The VA is another area to concentrate efforts as it is a great service to our veterans and offers high margins. Additionally there is opportunity for State contracts and the Franchise office provides training, marketing support, best practices, general know how and software tools to track income and schedule clients. They also have the opportunity to bounce ideas off of other franchisees.

Reason for Selling:

Business better operated by full time owner.

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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