Top Home Care Agency in OC
Leading Home Care Agency
Seven year old Private Duty Home Care Agency for sale in Orange County, California. The business is considered top ranked and a top performer in California, with solid, well established local and national referral sources. The business does not require prior home care/medical experience. Besides in-home, non-medical care, the business also provides assisted living placement consulting services.
This business operates in a territory that covers a wide area in Orange County. The business could be sold as a whole (Asking Price: $5.2MM), or subdivided into the smaller territories that could be sold separately. The breakdown of the territories is as follows: Dana Point/RSM (Projected 2014 Rev: $1.245MM, Asking Price: $871K), Lake Forest/Laguna Woods (Projected 2014 Rev: $1.527MM, Asking Price: $1.07MM), Newport Beach/Huntington Beach (Projected 2014 Rev: $2.70MM, Asking Price: $1.89MM), Garden Grove/Santa Ana (Projected 2014 Rev: $ 890K, Asking Price: $623K), & North OC (Projected 2014 Rev: $1.075MM, Asking Price: $752K). The San Clemente Territory is not included in the sale.
The business operates in one of the most demographically attractive senior care markets in the country. 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 local relationships with major hospitals and other health care/senior care facilities, as well as national relationships with Long Term Insurance (LTC) companies. It has a strong internet presence and technical resources (including state of the art software applications), as well as a strong staff of trained Caregivers and health Advisors.
The business has exhibited strong growth since its inception. In the last 5 years, top line results for all territories combined (including San Clemente), were as follows:
January 2009 – December 2009 $3,161,275
January 2010 – December 2010 $5,146,791
January 2011 – December 2011 $7,312,591
January 2012 – December 2012 $8,257,561
January 2013 – December 2013 $8,708,944
The majority of revenues come from private pay (55%), LTC insurance, Veterans benefits, and Workman’s Claim Insurance benefits. Potential growth opportunities exist in a number of areas at the discretion of new owner. Professional offices are strategically located, enabling the company to provide both long and short term care to their clients, from 4 hours up to 24 hours daily.
The seller is willing to provide assistance and training during a transitional period. Staff and caregivers, all of which are W2 employees, are available to stay.