Top Rated Private Duty Home Care Franchise in OC

Orange County, CA

Top Rated Private Duty Home Care Franchise in OC
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Asking Price: $129,000

Cash Flow: $29,000

Gross Revenue: $556,000

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Rent: $1,800 /Month

Established: 2013

Top Rated Private Duty Home Care Franchise in OC

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Business Description

Franchise resale of an established office available for sale, part of an Industry-leading 50-year-old national in-home senior care franchise company. Operational area covers two huge exclusive territories in South Orange County. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing or personal care, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship, in order to remain happily & safely in their homes.

This is one of the most highly desirable, lucrative, sought after and demographically attractive senior care service markets in the Country, boasting 1.1M affluent residents. This two-territory franchise is being sold as one big area and covers the Newport Beach/Costa Mesa and Irvine areas and then all of South County from Laguna Hills, Laguna Beach, Laguna Niguel and everything else South to the Orange County/San Diego line. The office is established right in the heart of the Laguna Woods retirement community, with over 18,000 seniors in a very highly concentrated area. The number of seniors in this region is projected to balloon to 350,000 by 2025, offering an unparalleled growth opportunity in this market.

This franchisor provides full support for additional business line offerings. Support for the following lines is included at no cost: 1) In-home Non-Medical Personal Care and Support. 2) Skilled care/Medicare reimbursement services. 3) Medical personnel staffing. The national franchise company provides unparalleled support and training and will assist with obtaining the Medicare skilled care certification license and will provide all training, manuals and mock surveys to prepare for this license at no extra charge to the owner. The National franchise company also offers a Hospice component for an additional investment. This combination covers the full continuum of care and is not available or fully supported by any of the other competitor franchisors.

This national franchise generates the largest dollar volume per office in the nation and as a result has several established national contracts offering referrals and group buying discounts, which include the group buying power of a worker’s compensation rate equal to 9%, which is unheard of in the State of California. 15% is standard rate in CA, a significant savings to labor expenses which can help offset the costs of royalties by almost 50%.

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 several local referral sources, and 20+ hired and trained Caregivers 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.

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:
Leased
Building SF:
900
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Excellent
Reason for Selling:
Personal
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(from currently available funds)
 
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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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