Prime Senior Care, 58% Proj. ROI, Lender Ready

Buffalo, NY
Erie County

Surburban


Asking Price: Annual Revenue:
$800,000 $1,543,015

Services: Medical, Dental


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RE: Prime Senior Care, 58% Proj. ROI, Lender Ready Broker: Seller of Business

Quick Facts

Asking Price: $800,000
Annual Revenue: $1,543,015
Net Profit: Not Disclosed
Cash Flow: $278,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 688255583
Broker Reference #: hi.ny.wv

Email or Print Listing

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Business Overview:

This is a MAJOR nationwide IN-HOME senior care FRANCHISE business selling for ONLY 2.87x Earnings! The business has been operating since 2004 and focuses on sending caregivers to a client’s personal home/residence to help them with daily life activities, such as light cleaning, food preparation, grocery shopping, walking with them and just basic companionship. The idea is to keep the individual in their own home rather than having to go into an Assisted Living Facility.

Additionally, most businesses in this industry (probably why they are in such demand) have been VERY Covid resistant and this location is no exception! In fact, due to so many issues
with Assisted Living Facilities (lockouts, deaths) this business model has been overwhelmed and will likely stay this way for years and years to come…not that it wasn’t pre-covid. So, the takeaway here, is that THIS business model will likely be with us in
perpetuity!

Finally, this particular location has an INCREDIBLE reputation in the community for providing this high quality non-medical in-home care and we think when you dive into this further, you’ll agree with that assessment.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Well-Established franchise. Modern, fully-equipped office. Quality caregivers, staff. Great service territory with thousands of seniors.

Market Competition and Expansion:

Franchise Business Review lists senior service businesses in the top six recession-proof industries. The senior care industry is growing and will continue to grow with the senior population expecting to grow by 25% over the next 10 years. More recently driven by concerns brought on by COVID-19 the industry has seen an increased interest in in-home services as seniors and their families question the safety of moving into a group living situation such as a senior apartment, assisted living or nursing home. Additionally, those in the hospital are choosing to be released home with non-medical in-home care services instead of being transferred into a rehabilitation facility due to safety concerns.

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.

Relevant Links:

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