WA: Well-Established In-Home Senior Care

Business Overview:

CARE business (caregivers go to clients’ home(s)) is part of one of THE nation’s top franchise brands for this industry… the equivalent dominance of McDonalds for restaurants!   In fact, you’ve likely seen their TV campaigns this week!  The point is, this is a very good location/brand with a great reputation and hundreds of locations around the world. 

This particular location was hit a bit hard during COVID, and the sellers wanted to retire just prior to COVID, but like so many businesses, they needed to make sure the company survived which kept them from selling until now.  Honestly, and the financials will bear this out, it was a struggle for them to keep things going and consequently the sales and earnings took a bit of drop these last few years, but the ship was saved and the company is now back on a better track and doing much better.  The business is dropping a very good margin from sales to earnings at about 22%...meaning the overall discretionary earnings are 22% of current sales.  Anything over 18% is good and there is a lot more room to increase this as we have locations selling currently at 40% of sales to earnings!   

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Property Features and Assets:

Established franchise. Fully equipped office. Well-trained staff. Quality caregivers. Huge geographical service territory.

Market Competition and Expansion:

Competition:

The market for aging persons in need of home care and institutional clients is rapidly expanding. Already healthcare agencies are absolutely crucial to facilities lacking much needed staff. An increasing number of the elderly couples and singles are living fulfilling lives on their own. As they age, however, they will require more and more services to help them deal with day-to-day living. Some of the most successful franchise businesses of the next few years will be ones that will provide cost-efficient services for the aging population.

Growth & Expansion:

Implement aggressive marketing strategy. Build relationships in the community. Build strategic partnerships. Follow systems and marketing program created and honed by franchisor. Multiple revenue streams for diverse services. sectors

Reason for Selling:

Retirement

Additional Details:

Relevant Links:

• View more Washington businesses for sale
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