Top Rated Private Duty Home Care Franchise in Lorain, OH

Lorain County, OH

Top Rated Private Duty Home Care Franchise in Lorain, OH
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Asking Price: $1,595,000

Cash Flow: $482,797

Gross Revenue: $1,836,457

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $150,000*

Established: 2012

*not included in asking price.

Top Rated Private Duty Home Care Franchise in Lorain, OH

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Business Description

Highly Profitable Business Opportunity

This SBA Pre-qualified business opportunity is an eight-year-old Private Duty Home Care Agency for sale in Lorain County and Erie County, Ohio. This business is part of nationally known, top-rated franchise brand that was named top Brand for the last ten years in a row. The company offers affordable services for 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 in order to remain happily & safely in their homes. The business office is fully staffed with a Staffing Coordinator, Sales & Marketing Liaison, Client Care Manager and Recruitment/Training Coordinator.

Real Estate is also available separately for an asking price of around $150K.

Throughout its 8-year operation, the Company has become the industry leader in the local senior care community. Its excellent reputation in serving clients and with its employees, has earned this company solid relationships with professionals in the health care and senior communities. Revenue mix is very stable, 50% Private Pay, 20% from Veterans Admin and 26% from Medicaid. Clients pay electronically via ACH making cash flow easier to manage.

The franchise territory population is 326,510 which is covered by one office. This business provides services to one of the most demographically attractive senior care markets in the Country.

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 over 500 local referral sources, and 65+ Caregivers, hired, trained, on payroll. 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 & ongoing training, as well as a Consultant role after the sale.

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 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 and staff, all of which are W2 employees, are available to work with a new owner.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
65
Growth & Expansion:
Excellent
Reason for Selling:
Personal
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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 International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. 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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. 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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