Santa Barbara County, CA Home Health Care Businesses For Sale

Home Health CareCaliforniaSanta Barbara

Select Categories California
Non Medical Senior Care
$700,000Cash Flow: $232,075
Non Medical Senior Care

Santa Barbara, CA

Introduction This opportunity is in the home care industry that serves the needs of individuals who aren’t ready for an institutional setting and need assistance to remain living in the comfort and privacy of their own homes. The industry is mushrooming with the aging baby boomers and their needing help to keep their independence. It is a great opportunity to own a thriving National Franchise backed by a company with over 20 years of experience that has become a widely recognized brand name in the senior care field. The 85 and older population is expected to more than triple between now and 2050 in the United States alone. This is a staggering statistic that not only proves the growing need for senior care, but also that thousands of families are facing the same critical decisions. This Company currently has two types of services that provide: Homemaking/Companion Care-Tasks include, but are not limited to: • Light Housekeeping • Laundry • Meal planning & Preparation • Shopping • Errands • Medical Reminders• Transportation to Appointments • Companionship & Conversation • Helping with pets • Stand-by / Assistance with walking / movement reducing risk of slips, trips & falls. Personal Care-Provides assistance to help clients successfully performs activities of daily living. These include one or more of the following and are characterized by “hands-on-touching”. • Bathing • Personal grooming and hygiene • Dressing• Toileting and elimination • Nutrition/hydration and feeding • Mobility • Mental / Cognitive needs • Medic1,054,187ation reminders • Hospice support care• Alzheimer’s care• other dementia care The clients who subscribe to these services want to maintain a quality of life and their freedom. Home care is also utilized for clients who are rehabilitating from workman’s compensation accidents, post op/surgery rehabilitations and seniors who need help rehabilitating from a fall or broken bones. Services are provided in hospitals, assisted living facilities, rehabilitation facilities, nursing homes and memory care facilities. Competitive Advantages The Company has earned and developed 6 competitive advantages that focus on its market niche. Each of these advantages could significantly contribute to the future growth and prosperity of the Company. Growth Opportunity The business continues to grow due to branding, loyalty, and consistent high-quality services. A new owner could build upon current owner's relationships with the medical community and even enhance by adding a Community Service Representative. Price &Term: We are offering this opportunity for $700,000. This is an SBA transaction with Buyer’s cash infusion of $105,000. The term of the SBA loan is for 10 years at an interest rate of 6.00% with payments of approximately $6,606.00 per month. Initial Investment: The buyer will need to have approximately $171,700.00 for the following acquisition cost: • $105,000.00 Down Payment for Acquisition • $15,000.00 Home Instead Transfer Fee • $7,000.00 Estimated Expense for State of California Home Health Care License • $10,000.00 Estimated Expense for Bank Fees, Attorney Fees, and Closing Cost. • $9,700.00 Lease and Utility Deposits • $25,000.00 Working Capital (As part of the bank financing a credit line may be granted.)

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