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Highly Sought After Business Model*In-Home Senior Care

Newark, DE (New Castle County)

Highly Sought After Business Model*In-Home Senior Care
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Asking Price: $150,000

Cash Flow: $92,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Highly Sought After Business Model*In-Home Senior Care

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Business Description

Prime Business Selling For ONLY 1.6x Cash Flow!

Established In-home care services, assisting primarily seniors over the age 65 with the activities of daily living, including both companion care and hands-on personal care services. There is a ton of opportunity with this location -- Huge geographical service territory with thousands of seniors over the age 65/75 - Location Just needs a new owner/operator inside at the wheel willing to provide some daily attention, and operate the business as the franchisor intended. You do not need any medical background -- The owner's role is to market and build the business, expand and build relationships in the community, and manage a dedicated team of staff and quality caregivers. This business is situated in a modern, well-maintained office space, office equipment, etc. A seasoned staff and many quality caregivers will help make your transition into the business smooth.***Buyer will need approx. $80,000 in liquid capital for the purchase and an additional $20k-$30k in available working capital to move the company forward. Minimum net worth required approx. $200k-250k.

**Sales/Cash Flow History: Fiscal 2017: Sales $808,000, Cash Flow $95,000. Fiscal 2018 projections: Sales approx. $750,000, Cash Flow $92,000.*

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This business serves the rapidly growing $1.8 trillion healthcare industry. Two thirds of home care recipients are over the age of 65. Seniors represent the largest, wealthiest, and fastest growing market segment in the U.S. There are over 40 million people over the age of 65. Today, over 1.4 million Americans are receiving some form of home care. By the age of 85, nearly 50% need some support with everyday activities. Changes in fertility, women's labor force participation, and increases in the divorce rate have reduced ability to personally take care of older family members.

The US Census Bureau shows that this is the fastest growing segment of the population today. In the year 2000, over 600 million people were over age 60. By the year 2025, there will be 1.2 billion in that age range and over 2 billion by 2050.

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YOU DO NOT NEED TO HAVE A MEDICAL OR RELATED BACKGROUND TO BE SUCCESSFUL IN THIS BUSINESS.

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CONTACT US TODAY for more information and the NDA.

*Buyer must verify all data, financials, etc. with the seller and buyer's own professional advisors. Buyers should not put any money at risk without verifying information with your own advisors and the seller of a business.

Detailed Information

Location:
Newark, DE
Facilities:
Modern, fully furnished, equipped office space. Well-Trained staff. Quality care givers. Huge database of clients, and existing accounts/clients. Huge geographical service territory with thousands of seniors over the age 65/75.
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. This trend will only continue considering the average age of the RN population. The average age of the RN population in March 2000 was estimated to be 45.2 years. In 2000, only 31.7% reported being under the age of 40. The most significant drop in numbers was seen among those RNs under the age of 35. In 1980, 40.5% of RNs were under the age of 35, compared to 18.3 percent in 2000. The RN population under 30 dropped from an estimated 25.1% in 1980 to only 9.1% in 2000 According to CNN, the baby boomers stand on the threshold of a big change. The oldest of them are nearing their 65th birthdays and their needs and wants are in flux. Their purchases will begin to revolve more around health care and housing than on rock and roll and athletic gear. **************************************************** Why is there a boom in the service area?--- Beyond elder care. 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, both medical and non-medical, for the aging population of the United States. According to the U.S. census, between the years of 2000-2010, the population between the ages of 18-44 is decreasing 1%. The population between the ages of 45-54 is increasing 21%. However, the population of ages between 55-64 is increasing at 47%. People between the ages of 44-65 are the “New Customer Majority.” Their market is 45% larger than the 18-43 market and will be over 60% larger by 2010. According to David Wolfe and Robert Snyder in Ageless Marketing, “The New Customer Majority is the only adult market with realistic prospects for significant sales growth in dozens of product lines for thousands of companies.” **************************************************** The senior Care Environment--- Long-term Care Demand and Our Aging Population The market for long-term care is rapidly increasing which will increase the demand for our services in nursing homes, hospitals and private duty assignments. According to the U.S. Census Bureau, the elderly population (persons 65 years old and over) increased eleven-fold between 1900 and 1994; the non-elderly increased only threefold. Under the Census Bureau's middle series projections, the number of persons 65 years old and over would more than double by the middle of this century to 80 million (up from 33 million in 1994). By the year 2030, about 1 in 5 Americans will be elderly. The oldest old is the fastest growing segment of the elderly population. The oldest old (persons 85 years old and over) are a small but rapidly growing group, comprising just over 1% of the American population in 1994. From 1960 to 1994, this group increased 274% to 3.5 million, compared with an increase of 100% for persons 65 years old and over, and an increase of 45% for the total population. Overall, the oldest old were projected to be the fastest growing part of the elderly population as we entered this century and beyond. By 2020, the U.S. population over the age of 65 is projected to grow to 55 million while the population over the age of 85 is projected to increase by four times to over 13 million. As age increases, the need for long-term care also increases. **************************************************** Shortage of Nurses--- There is an acute shortage in the United States of registered nurses. A recent study published by the American Hospital Association states that the average age of a nurse is 45 years old and that less than 10% of all nurses are under the age of 30. This coupled with the dynamics of an aging population and increased government requirements for staffing at hospitals and nursing homes have created a substantial demand for our services. We believe that competition for qualified personnel will continue to increase and that our benefits and methods of "sharing the success" with our employees will make us an attractive employer in the marketplace and allow us to be the most attractive answer when individuals are looking for employment. **************************************************** Why Would Nurses Become Contract Workers Instead of Full-time Employees?--- Many nurses are switching from demanding shift positions in traditional settings to contract staffing. For a comparable salary and benefits, an employee has more flexibility and control over their schedule, vacations and holidays and less risk. Some nurses enjoy doing a variety of jobs in which they can use many of their skills and others prefer to use one specialty, contract work allows these options. **************************************************** Professional Licensure and Corporate Practice--- Nurses and other healthcare professionals employed by us are required to be individually licensed or certified under applicable state law and we will check with the state to ensure each license is valid and has no disciplinary action against it. Our comprehensive compliance program will be designed to ensure that all employees possess all necessary licenses and certifications and comply with all applicable state laws.
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. •Today, there are over 40 million adults age 65+ in the U.S., but this population is expected to reach 89 million over the next 40 years• People will continue to age and need the proper level of care despite what happens in today’s uncertain economy• Fabulous system growth #’s caring primarily for parents of the Baby Boomers. The first Baby Boomers just started turning 65 in 2011, and now 10K people per day turn 65 in the US• Health Care Reform is a positive to this business- This is the viable, lower cost, long term care option• Senior care ranks among the top five most profitable franchising sectors
Support & Training:
YOU DO NOT NEED ANY EXPERIENCE IN THE MEDICAL INDUSTRY TO SUCCEED. Extensive training and ongoing support provided by franchisor/seller. You will be trained on all you need to know to be successful and build your business.
Reason for Selling:
Retiring from this industry.
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Business Listed By:
Patrick Sherman

Blue Stone Business Group

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