Top Rated Home Care Franchise in North OC

Yorba Linda, CA (Orange County)

Top Rated Home Care Franchise in North OC
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Asking Price: Get Financing: $396,000

Cash Flow: $159,000

Gross Revenue: $623,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $290 /Month

Established: 2013

Top Rated Home Care Franchise in North OC

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Business Description

Be Part of The Silver Tsunami

Be Part of the #1 Growth Industry in the US

Five-year-old Private Duty Home Care Agency for sale operating in northern Orange County, LA County and San Bernardino County, California. Part of nationally known, top-rated franchise brand ranked by Franchise Business Review, a franchise market research firm, as a Top Franchise for 2018. The company offers exceptional quality, and affordable services for people of all ages, especially seniors, and their families who require assistance with meal preparation, medication reminders, bathing or personal cares, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship. This operation covers affluent areas of Southern California. This fantastic opportunity in home care won't last long, so time is of the essence.

The business office is efficiently run by the owner operator with some administrative support. Throughout its 5-year operation, the Company has earned an excellent reputation through word of mouth, for both client service and how it treats its employees. The business generates significant business through its web presence, and the quality of service is evidenced by the Google reviews from past and present clients.

Home care is a very personal business, and the owner operator has endeavored to establish a business that truly cares about its clients and caregivers. The majority of revenues (98%) come from Private Pay and Long-Term Care Insurance, while the remaining 2% comes from contracts with national service providers.

The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The Business has established National referral sources, a database of numerous local referral sources, 25+ registered and trained Caregivers on payroll, and another 15 such Caregivers on its reserve network. This business requires no prior home care/medical experience. Training, guidance & ongoing support will be provided by the Franchisor & the seller is willing to negotiate transition support and training.

The Company competes with other national and local businesses and sole proprietors providing home care services. Disabled adults and seniors who are 65 years and older comprise the primary market for the Company., as well as a smaller portion of younger adults with some form of disability or illness requiring assistance with daily living. The Company also has contracts to provide back-up care with two national companies who provide employer sponsored dependent care.

The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.

The seller is selling for personal reasons but will assist during a transitional period. The Caregivers, all of whom are W2 employees, are available to work with a new owner.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
25 to 40
Facilities:
130 sq ft professional office space plus use of conference room and other facilities
Growth & Expansion:
Excellent
Support & Training:
Excellent
Reason for Selling:
Personal
Franchise:
This business is an established franchise
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Contact the Seller

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Vasilis Georgiou,M&AMI, CBI, CBB, MBA

Business Listed By:
Vasilis Georgiou

CrossRoads Business Brokers

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Memberships & Certifications:
Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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