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 company has an excellent reputation in serving clients and with its employees, and has earned many 5-star reviews and has established solid relationships with professionals in the health care and senior communities. Majority of revenues (@ 75%) come from Private Pay, (@ 25%) from Long Term Care Insurance and other payors.
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.
The office is only starting to scratch the surface of what's possible in this region by offering solely in-home non-medical care at this time. This franchise model provides for additional business line offerings (at the option of the new owner) covering the full continuum of care, not available or fully supported by any of the other competitor franchisors: 1.) In-home Non-Medical Personal Care and Support. 2.) Skilled care/Medicare reimbursement services. 3.) Medical personnel staffing. 4.) Hospice care services. 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.
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 25+ 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, 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.
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.