Unique Personal Service Homecare Provider w/ Multiple Revenue Streams

Mid West

Unique Personal Service Homecare Provider w/ Multiple Revenue Streams
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,700,000

EBITDA: $175,000

FF&E: N/A

Inventory: N/A

Established: N/A

Unique Personal Service Homecare Provider w/ Multiple Revenue Streams

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Business Description

The Company is a full-service provider of non-medical personalized homecare, wellness services, and home maintenance, and is strategically poised for growth. It also offers membership to a clubhouse facility for senior activities and events. The Company’s caregivers and personal care attendants are capable of providing the highest-quality care designed to fit each client’s lifestyle and enable them to achieve their goal of aging in place. During 2017, revenue was generated from homecare (85% of sales), home maintenance (10%), and senior community membership (5%).

The Company serves the ever-increasing senior market in its region. It maintains an active base of 165 clients, and approximately 85% of revenue is derived from recurring active customer billings. The Company attends regional health fairs, partners with hospitals, home health and hospice agencies, as well as trusted senior advisors to promote its services, expand brand awareness, and ultimately keep seniors home through the end of life.

It operates from a 6,000-square foot facility comprised of office space, seniors’ clubhouse, fitness studio, bistro, and training classroom. It currently employs 33 full-time and 20 part-time personnel. The Company’s team has a diverse professional background, depth of experience, and an unwavering commitment to excellent client service.

Detailed Information

Competition:
* Superior Name and Reputation: The Company has a strong reputation for its focus on superior service and innovation in the senior living market, has knowledgeable and reliable personnel, and is known for high-quality non-medical homecare solutions. * Strong Client Relationships: The Company has strong ties to clients due to its industry expertise and excellent customer service. Specifically, it has approximately 165 active clients; care takers are assigned to clients in the home or facility where they live, and the frequency of service ranges from once or twice a week to 24/7 constant care.
Growth & Expansion:
"Within 10 years, people’s homes could replace hospitals and other settings as the primary location for health care in the United States”, according to leaders from technology company Intel and a prominent provider organization. They presented at an IBISWorld: Home Care Providers - 2018. At a recent workshop convened by the Institute of Medicine (IOM) and National Research Council (NRC): "With the aging market, there is high interest in the proven home care model, from insurance companies to private equity firms. Home Health, Hospitals, Hospices, and Senior Living Retirement communities are jumping on board as they see it is a way to take a fragmented industry to consolidate, leverage returns, gain market share, and complement existing service lines. In a country starving for solutions to the “silver tsunami”, home care will play a major part in the coming years and decades. The biggest challenge facing the home care industry is the need for workers to keep up with the growth of the senior population and finding ways to be innovative to stand out from the growing crowd of competitors."
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Pursue other interests
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Doug Smith

Business Listed By:
Doug Smith

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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