Well-established licensed, Independent Home Care Agency for sale in Pasadena, California. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing and personal care, grocery shopping, light housekeeping, errands, Alzheimer's care, and companionship, allowing their clients to remain happily and safely in their homes. The Company is licensed by the Home Care Services Bureau of the California Department of Social Services.
Throughout its more than decade in operation, the Company has developed a reputation for highly personalized service, high quality care, and excellent response in the local senior care community. Its excellent reputation with its clients as well as its employees has earned this company solid relationships with professionals in the health care and senior communities. All revenues (100%) come from Private Pay, directly from the client. The company assists clients who have Long Term Care insurance to ensure timely reimbursement.
Since this is not a franchise, there are no royalties paid on gross revenues, throwing more profit to the bottom line. Additionally, there is no restrictive territory and thus the business opportunity is not limited to a small population pool but can be expanded to whatever level the new owners desire. The immediate targeted market territory of Pasadena has approximately 20,000 seniors (over 65), within the larger market of Los Angeles County with over a million population of seniors over 65. This business provides services to one of the most demographically attractive senior care markets in the Country.
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 local referral sources, and 30+ hired and trained Caregivers on payroll (numbers will vary depending on client census and total hours of service). This business requires no prior home care/medical experience.
The Company competes with other national and local businesses and sole proprietors providing home care services. 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. 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, all of whom are W2 employees, are available to work with a new owner.