In-Home Senior Care Provider - Newport News Region

Newport News, VA (Newport News City County)

In-Home Senior Care Provider - Newport News Region
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Asking Price: $1,150,000

Cash Flow: $323,000

Gross Revenue: $2,354,705

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2008

In-Home Senior Care Provider - Newport News Region

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Business Description

Nationally Branded - Locally Owned

This award-winning home care franchise is off the beaten path such that competition is lower and caregiver retention higher. The Company’s mission is enabling seniors to age in place where they call home by providing personal care and living assistance.

A high-performance office staff coordinates care throughout the Northern Neck - Middle Peninsula region that encompasses more than 80 miles of protected territory including several coastal retirement communities. The Company has high brand recognition and a powerful word of mouth apparatus in the communities it serves including Kilmarnock, Tappahannock, Gloucester, Saluda, Urbanna, and White Stone.

Most of the growing senior population within the territory intends to age in place. Many will eventually need paid help to do so. The Company’s “boat” is being lifted by the rising tide of ever-increasing demand and is exceptionally well positioned for continued growth.

The retiring founding franchisee seeks an accomplished, mission driven Manager with relevant experience to purchase and run the company while preserving its reputation for reliable, top notch care.

Detailed Information

Location:
Newport News, VA
Employees:
110
Facilities:
Ten office staffers with combined experience of about 40 years operate from a 4000 sf, high traffic office location in Kilmarnock with a 60-seat learning center.
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.
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 (a.k.a. “Silver Tsunami.”)
Support & Training:
Industry experience is not required. Comprehensive training, mentorship 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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