Top-Rated Home Care Franchise in Annapolis MD

Annapolis, MD
Anne Arundel County


Asking Price: Annual Revenue:
$315,000 $705,000

Services: Senior Living & Care, Assisted Living


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RE: Top-Rated Home Care Franchise in Annapolis MD Broker: Chris Gamble

Quick Facts

Asking Price: $315,000
Annual Revenue: $705,000
Net Profit: Not Disclosed
Cash Flow: $107,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2009
Employees: 25
BBN Listing #: 671331864
Broker Reference #: annapolismdhc

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Business Overview:

Business consists of a single well-established territory that is part of an industry-leading national senior home-care franchise company. The operational area is Anne Arundel County, Maryland, a well-located market for seniors with favorable household incomes. The company is part of nationally known, top-rated franchise brand that is ranked by Franchise Business Review in the top five in terms of growth. Senior care is a $55 Billion recession-proof industry.

The company offers affordable home care services for seniors and their families who require assistance with safety supervision, meal preparation, light housekeeping, errands and transportation, personal care, hospice supportive services and medication reminders. They offer flexibility in providing shifts as short as four hours up to and including full 24/7 service. Seniors who are 65 years and older comprise the primary market for the Company.

The service market includes a number of large hospitals, senior centers, assisted living communities, independent living communities, nursing homes, memory care and skilled nursing facilities. The Business benefits from a number of national agreements, a strong internet presence and technical resources, as well as an extensive base of local referral sources and a strong staff of trained Caregivers.

The company experienced consistent financial growth from its launch up through 2016. In the ensuing three years revenue and cash flow have declined, which the owner attributes to a loss of focus. There is a significant opportunity for new ownership to regain the prior momentum. The majority of revenues are cash based, with LTC insurance and Veterans benefits accounting for the balance. Cash flows are good, and consistent with the asking price. Client counts range from 25 to 33 per week. Potential growth opportunities exist in a number of areas, at the discretion of new owner.

Besides the Owner, the office is staffed with a full-time Operations Manager and a part-time Onboarding/Support Specialist.

This business requires no prior home care or medical experience. Training, guidance and ongoing support will be provided by the franchisor. Franchisor provides 80 hours of pre-opening support at Franchisor Training Center as well as on-site support. In addition, the seller is willing to offer assistance with the transition after the sale.

The home-care industry has exploded along with the aging population. With 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million. By 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.

The seller is selling for personal reasons but will assist during a transitional period. The caregivers and staff, all of whom are W2 employees, are available to work with a new owner.

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.

Market Competition and Expansion:

Excellent potential growth

Reason for Selling:

Personal

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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