In-Home Personal Care for Older Adults - NW Ohio

Lima, OH
Allen County

Northwest Ohio


Asking Price: Annual Revenue:
$1,600,000 $2,371,770

Services: Medical, Dental


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RE: In-Home Personal Care for Older Adults - NW Ohio Broker: Bob Cahn
Owner Financing is Available!

Quick Facts

Asking Price: $1,600,000
Annual Revenue: $2,371,770
Net Profit: Not Disclosed
Cash Flow: $355,766
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 100
BBN Listing #: 857458523
Broker Reference #: OHG222160

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Business Overview:

More than ever, families are hiring in-home caregivers to keep their elderly loved ones safe at home, enabling them to age in place with dignity and grace. This company operates two nationally branded franchises providing non-medical in-home senior care. The current owner seeks a high fit, aspiring Managing Owner to purchase the Company, preserve its reputation for reliability and compassionate care, and take it to the next level.

Serving Ohio families throughout Allen, Hancock, Wood and Sandusky Counties, the Company provides daily living assistance for older adults with a workforce of more than 85 well-trained, directly employed, compassionate care professionals. The Company has experienced year over year growth and provides over 9,000 hours of care each month. Revenue is generated primarily from self-pay clients that either pay for services out of pocket or with the help of long-term care insurance.

Demand is being fueled by a) an aging baby boomer population, b) families opting for a safer alternative of one-on-one home care over group care facilities, and c) families investing in home care to protect their vulnerable loved ones. The protected service area is comprised of a senior population of 91,000 and growing.

With high brand awareness and a highly effective office team of care coordinators, the new owner will be well positioned to focus on growth and expansion.

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Property Features and Assets:

A high performance and experienced team of professionals coordinate care from two well-equipped offices in Allen and Wood Counties.

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 of seniors who desire the option of aging in place. 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.”

Reason for Selling:

Retirement

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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