MergerPlace

Top Rated Home Care Franchise in Cerrito

California (Los Angeles)


  • Asking Price: $195,000
  • Gross Income: $450,000
  • Cash Flow: $60,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213567
  • Established: 2017
  • Employees: 35

Business Description

This is a two-year-old Private Duty Home Care Agency for sale in Cerritos, CA. 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.

Throughout its 2-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, 25% Private Pay, 80% from Veterans Admin. Clients pay electronically via ACH making cash flow easier to manage.

With diligent and aggressive marketing, excellent client relations and skillful management, the owner/operators have grown what was a small franchise into a profitable and well-run operation.

The franchise territory population is 224,460 which is covered by one office. This business provides services to one of the most demographically attractive senior care markets in the Country. The territory consists of a middle-class diverse community, which is an excellent source for clients as well as caregivers.

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.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: California
County: Los Angeles

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 35

Financial Information

Asking Price: $195,000
Gross Revenue: $450,000
Cash Flow: $60,000
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Excellent

Competition:

Excellent

Reason for selling:

Personal

Contact Business Seller

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Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.