WA: In-Home Personal Care for Older Adults

Kennewick, WA
Benton County

Washington State Wine Country


Asking Price: Annual Revenue:
$2,750,000 $3,473,850

Services: Senior Living & Care, Assisted Living


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RE: WA: In-Home Personal Care for Older Adults Broker: Bob Cahn

Quick Facts

Asking Price: $2,750,000
Annual Revenue: $3,473,850
Net Profit: Not Disclosed
Cash Flow: $638,820
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 100
BBN Listing #: 452158523
Broker Reference #: OHG121110

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Business Overview:

More than ever, families are hiring in-home, non-clinical caregivers to keep their elderly loved ones safe from infectious diseases while enabling them to age in place with dignity and grace. This nationally branded franchise provider of personal, home-based care is thriving and well positioned for high growth.

Located in the heart of Washington State wine country, the Company coordinates companionship, personal care and daily living assistance for veterans and seniors among a workforce of more than 100 well-trained, compassionate caregivers. Approximately 85% of revenue is generated from self-pay clients that either pay out of pocket or with the help of long-term care insurance. As such, the Company sets its own rates and is not beholden to fixed reimbursement rates from Medicare or Medicaid.

Ever expanding demand is being fueled by an aging baby boomer population and families opting for the safer alternative of one-on-one home care over group care facilities.

The Company’s high growth prospects are enabled by its highly recognizable and trusted name coupled with its excellent reputation for reliability and its recurring referral network and powerful word of mouth apparatus.

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Property Features and Assets:

A high performance team of 8 office staffers coordinate care from a fully equipped, centrally located 2,700 sq. ft. office.

Market Competition and Expansion:

In less than ten years, all 83M US Baby Boomers will be age 65 or older. The industry refers to this as the “Silver Tsunami.” 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.

Reason for Selling:

Relocation

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.

Relevant Links:

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