Business For Sale

Top Rated Home Care Franchise in Corona, CA

Corona, CA
Riverside County


Asking Price: Annual Revenue:
$435,000 $1,278,000

Services: Medical, Dental


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RE: Top Rated Home Care Franchise in Corona, CA Broker: Vasilis Georgiou

Quick Facts

Asking Price: $435,000
Annual Revenue: $1,278,000
Net Profit: $163,000
Cash Flow: $163,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 45
BBN Listing #: 53031864
Broker Reference #: Not Disclosed

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Business Overview:

Five-year-old Private Duty Home Care Agency for sale in Corona, California. Part of nationally known, top-rated franchise brand. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing or personal cares, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship in order to remain happily & safely in their homes. The business office is staffed with a Staffing Coordinator, On Call QA Nurse, a Recruiter, and a Bookkeeper.

The franchise model provides the ability for owners to pursue additional revenue streams in the areas of Placements as well as Skilled Home Health services, if they so choose. The franchise territory is larger than an average-sized home care franchise, with tens of thousands of seniors over 65.? This business provides services to one of the most demographically attractive senior care markets in the Country.

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Property Features and Assets:

Throughout its 5-year operation, the Company has become the industry leader in the local senior care community. Its excellent reputation in serving clients and with its employees, has earned this company solid relationships with professionals in the health care and senior communities. Majority of revenues (@ 85%) come from Contracted Managed Care PACE Program, @ 15% % from Long Term Care Insurance and other payors. The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The Business has established National referral sources, a database of local referral sources, and 40 + hired and trained Caregivers on payroll. This business requires no prior home care/medical experience. Training, guidance & ongoing support will be provided by the Franchisor & the seller is willing to negotiate transition & ongoing training, as well as a Consultant role after the sale.

Market Competition and Expansion:

The Company competes with other national and local businesses and sole proprietors providing home care services. Disabled adults and seniors who are 65 years and older comprise the primary market for the Company, as well as a smaller portion of younger adults with some form of disability or illness requiring assistance with daily living. The home-care industry has exploded with the aging population. Today, 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 and 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 which are W2 employees, are available to work with a new owner.

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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