Great Operating Home Care Company in Miami

Miami, FL (Miami-Dade County)

Great Operating Home Care Company in Miami
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Asking Price: $1,100,000

Cash Flow: $270,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $10,000

Inventory: $5,000

Rent: $3,095 /Month

Established: 2016

Great Operating Home Care Company in Miami

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Business Description

Great operating franchised home care business!

Take control of this highly performing, award winning franchised home care business with substantial revenues/cashflow and great growth prospects. The Company is a franchisee of one of the leading national home care brands.

Key acquisition benefits include a fantastic annual growth rate over the course of its life. While only started in late 2016, the company has built its revenue base from scratch. This base of operations provides the buyer with an amazing springboard from which to continue rapid growth for the foreseeable future. The vast majority of the Company's referral sources are emerging as having great potential. The Company has wonderful key personnel, high brand recognition, a stellar in-market reputation and great industry/company support. The company has very stable client and caregiver pipelines.

Detailed Information

Location:
Miami, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,251
Lease Expiration:
9/30/2021
Employees:
56
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from leased offices and is "asset light".
Competition:
The franchisor-designated service area has a significant large population of 65+ seniors (158k). However, seller effectively controls adjacent highly populated areas with a total combined population of 400k seniors. The territories are robust and growing, with high average household incomes (~$90k+) and has attracted competitors including independents and nationals. The Company has outperformed through service excellence, attention to detail, and effective marketing efforts. The Company also has outstanding online review ratings.
Growth & Expansion:
While the industry is expected to experience a solid 8% national growth rate for many years to come, the Company has historically far surpassed that national average. Additionally, the youngest of the baby boom population is now nearing the age of 75, which is the Company’s prime service population (the "Senior Tsunami").
Support & Training:
The seller is eager to help you get 100% effective in your new role as owner/operator and will provide on/off-site support for an agreed period. You will also benefit from support and training from a leading home care franchisor, well known for excellence.
Reason for Selling:
Pursue other business interests.
Franchise:
This business is an established franchise
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Business Listed By:
Paul Pappageorge

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