MergerPlace

Home/Health Care Franchise in Riverside

Central West Riverside County, California (Riverside)


  • Asking Price: $899,000
  • Gross Income: $1,875,000
  • Cash Flow: $300,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $9,000
  • Listing ID: #203502
  • Established: 2007
  • Employees: 66

Business Description

Ten-year-old diversified home/health care agency for sale in Riverside County, California, part of nationally known, top-rated franchise brand.

This business offers In-Home Care (Private Duty, Companion/Personal Care), Home Health Care (Skilled Nursing), and Medical Staffing. Approximately 70% of the current revenue is generated from In-Home Care; including Veteran Care (VA). The payor mix is Private Duty, VA, National Accounts, and Long-Term Care Insurance. Approximately 30% of the current revenue is generated from Home Health Care (skilled nursing). Medical Staffing services is all upside potential and highly profitable. Companion services include meal preparation, light housekeeping, shopping, errands and transportation. Personal care services include medication reminders, bathing, dressing, Dementia & Alzheimer's care, transfers, and toileting. Home Health services include Skilled Nursing care, Physical and Occupational Therapy, Wound care and Infusion nursing.

The business holds two State of California Licenses and one National Accreditation, all in good standing. The operation is Licensed by the Dept. of Social Services for HCO non-medical home care, and also Licensed by the Dept. of Public Health for HHA skilled nursing care. In addition, the business is Nationally Accredited for home care and home health, and the Accreditation was just renewed in 2016 and is valid through 2019.

The business office is fully staffed with a Medical Director, a Director of Patient Care Services / Nursing, an Office Administration Manager, a Recruiting & Retention Coordinator / HR, a Customer Care & Staffing Coordinator, a Community Liaison / Sales, and a Licensed Vocational Nurse / Case Manager.

This business is recognized with multiple year awards as a community leader in delivering quality customer service and superior care, and has an excellent reputation for serving clients. Through the years, the business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities. Majority of revenues (@ 70%) come from Non-Medical Home Care and Veteran Care Services, and 30% comes from Home Health Care (Skilled Nursing). Payor sources range from National & Local Accounts, Long Term Care Insurance, and Private Pay.

The franchise territory has approximately 60,000 seniors (over 65), which is larger than a typical franchise territory office coverage, based on an average-sized home care franchise which typically only has 30,000 – 40,000 seniors. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.

The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The location has established National referral sources, a database of over 200+ Local referral sources, and 60+ hired and trained Caregivers and Nurses 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 location 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.


Business Details

Primary Business Category: Health Care - Ambulatory
Location: California
Metropolitan Area: Central West Riverside County
County: Riverside

Company Information

Year Established: 2007
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 66

Financial Information

Asking Price: $899,000
Gross Revenue: $1,875,000
Cash Flow: $300,000
FF&E: $9,000
Seller Financing Available: No

Property Information

Facilities:

1060 SF professional office

Growth & expansion opportunities:

Excellent

Reason for selling:

Retirement

Support & Training:

Excellent

Contact Business Seller

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Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.