MergerPlace

Independent Home Care in San Gabriel Val

San Gabriel Valley, California


  • Asking Price: $999,000
  • Gross Income: $1,944,000
  • Cash Flow: $270,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #203012
  • Established: 2002
  • Employees:

Business Description

Fifteen-year-old Private Duty, Independent Home Care Agency for sale in San Gabriel Valley, California, offering services throughout San Gabriel Valley, Pasadena and the Inland Empire. The company offers customized and 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 and dementia care, or companionship in order to remain happily & safely in their homes.

The Company differentiates itself by offering their services to all ages (including children) providing critical services and support to parents and guardians of children with disabilities and to those recovering from serious illness or injury. The Company is licensed by the Home Care Services Bureau of California Department of Social Services.

Throughout its 15 years 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 in serving clients and with its employees, has earned this company solid relationships with professionals in the health care and senior communities. Majority of revenues (@ 80%) come from Private Pay, @ 20% from Long Term Care Insurance and other payers. The business currently has a roster of 70 clients.

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. Current owner desired to locate in San Gabriel Valley to service a lucrative senior demographic that is expanding. This targeted market territory has tens of thousands of seniors (over 65), which is the equivalent of 5-6 franchise territories, based on an average-sized home care franchise, which typically only has 30,000 – 40,000 seniors. 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 80+ hired and trained Caregivers on payroll (numbers will vary depending on client census and total hours of service. The business employs several strategies that have helped build leads through direct sales and personal relationships. This business requires no prior home care/medical experience and it is a turn key operation with a proven track record.

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 of which are W2 employees, are available to work with a new owner.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: California
Metropolitan Area: San Gabriel Valley

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $999,000
Gross Revenue: $1,944,000
Cash Flow: $270,000
Seller Financing Available: No

Property Information

Facilities:

2,500SF Office

Reason for selling:

Retirement

Support & Training:

Excellent

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.