In-Home Senior Care Provider – Bellevue, Washington

Bellevue, WA (King County)

In-Home Senior Care Provider – Bellevue, Washington
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Asking Price: $795,000

Cash Flow: $250,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1996

In-Home Senior Care Provider – Bellevue, Washington

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Business Description

Nationally Branded - Locally Owned

With an operating history in and around Bellevue of more than twenty years, this home care industry pioneer is among the best-known providers. The Company’s senior population of 89,000 within its exclusive, protected service area is among the largest in this nationally branded network. At $50 per senior population, average market penetration for nationally branded franchises, this provider would be generating more than $4M annually. Therefore, the growth prospects are exceptional.

Most of the growing senior population intends to age in place. Many will need paid help to do so. With more than 70 years of combined experience, a talented office team of six coordinates care through more than 60 caregivers, half of whom have been with the Company for at least three years. Services include companionship, personal care and daily living assistance, all non-clinical in nature. Care plans range from a few hours a day to around the clock.

A third of ongoing client flow comes from community referral providers such as hospital discharge planners, hospice firms, physician offices, social workers and trust attorneys. Two thirds come from high brand recognition supported by national advertising and a powerful word of mouth apparatus fueled by hundreds of satisfied families. The founding franchisee is retiring and seeks an accomplished, mission driven Investor-Operator to purchase and run the company, preserving its reputation for reliable, top-notch care.

Detailed Information

Location:
Bellevue, WA
Employees:
70
Facilities:
Six office staffers operate from a fully equipped, centrally located office in Bellevue.
Competition:
Senior Care alternatives to in-home care include group settings like nursing homes and skilled nursing facilities. Home care is the preferred option and often the lowest cost. Trusted, nationally branded providers have a distinct awareness and reputational advantage.
Growth & Expansion:
The oldest of the 78M US baby boomers turn 73 this year. Most don’t need home care today but approximately 78% will in the future. The industry calls this “The Silver Tsunami.”
Support & Training:
Industry experience is not required. Comprehensive training and transition support will be provided by Seller and franchisor.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Steve Rayl

Business Listed By:
Steve Rayl

Osborne HomeCare Group

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Sponsoring Broker:
Scott Osborne

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