Seller's Contact Information
- RE: In-Home Senior Care Provider Of Choice
- Contact: Bob Cahn
Quick Facts
Asking Price: | $3,750,000 | |
Annual Revenue: | $4,150,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $856,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2004 | |
Employees: | 100 | |
BBN Listing #: | 678258523 | |
Broker Reference #: | OHG122030 |
Business Overview:
In-home personal care that enables self-paying seniors to age in place is highly essential. As such, this industry leader has thrived during good times and bad. The Company clearly demonstrated its resilience during the pandemic. With more than 75,000 seniors within the two franchise units, the Company is exceptionally well positioned for high growth as the Covid clouds fully dissipate and the labor market improves.
A team of eight highly effective office staffers coordinate daily living assistance for seniors and veterans, delivering improved quality of life for their clients and peace of mind for families. Most clients self-pay for services either out of pocket or with the help of long-term care insurance. Therefore, the Company’s high profit margins are not beholden to contractual pricing set by the government (e.g., Medicaid) or commercial insurance companies.
The Company’s culture is centered around Purpose, Passion, and Profit. The purpose is to keep seniors safe at home. The passion is an office team and caregiver workforce that loves what they do. The profit is an unapologetic pursuit of high margins that enables top notch care.
Current ownership is retiring and seeks to pass the torch to a high fit, Managing Owner capable of preserving the Company’s compassionate care culture while growing it to the next level.
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Property Features and Assets:
The Company has two centrally located offices.
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, especially post Covid as families are now keenly aware of the infectious disease risk in group settings. By 2030, all 83M US Baby Boomers will be age 65 or older (“Silver Tsunami”).
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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