MergerPlace

Growing In-Home & Personal Care Agency

Iowa (Linn)


  • Asking Price: $185,000
  • Gross Income: $745,095
  • Cash Flow: $70,415
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $2,000
  • Listing ID: #198361
  • Established: 2014
  • Employees: 3 FT/ 57 PT

Business Description

This growing, in-home care business based in Cedar Rapids provides valuable service in Eastern Iowa. Through an established team of caregivers, the business assists clients with everyday tasks easing the burden for loved ones and allowing senior care recipients to stay in their home. Have a passion for helping provide a better life for an elderly person and peace of mind and stability for their family and friends? Interested in helping create meaningful jobs for caregivers? This business has enjoyed year-over-year growth since starting. The office is fully staffed. The staff has established great referral sources. Over 90% of the clients are private pay. The nearly 60 caregivers employed part-time are trained, background checked and capable of being insured and bonded by the business.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Iowa
County: Linn

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT/ 57 PT

Financial Information

Asking Price: $185,000
Gross Revenue: $745,095
Cash Flow: $70,415
FF&E: $2,000
Seller Financing Available: Yes

Property Information

Facilities:

Centrally-located, visible and accessible leased office well-suited for this business.

Growth & expansion opportunities:

Just over three years established, the business has a strong foundation with abundant potential to grow and increase earnings for the owner. The homecare industry still holds a wealth of opportunity for growth as the Eastern Iowa population continues to age. As "Baby Boomers" become older and liver longer than previous generations, could this be a truly "recession resistant" business for you? Why start a business or buy a new franchise when you can acquire an established franchise business with workforce in place, clientele, valuable relationships, recognized trade name and more?

Competition:

The franchisor provides training, systems, processes and support to compete effectively.

Reason for selling:

Contact Broker.

Support & Training:

Will train for 2 weeks @ no cost. Non-medical, in-home care services are provided through caregivers who assist with a variety of needs including personal care, respite care, assistance with daily living activities, companionship, meal preparation, housekeeping and getting a client ready, safely out of their home and to their appointment, meeting or social event. Such services are often vital for folks to remain safe and comfortable in their homes. This well-established organization claims the industry’s most comprehensive and robust homecare franchise training program. It offers recruitment and selection systems to help hire friendly, trustworthy caregivers. It also provides resources to train caregivers. Seller offered orientation, training and transition support would supplement franchisor training. The successor need not have medical education or experience. The business and seller do not have a medical, nursing, therapy or healthcare license. The successful buyer will likely be a compassionate leader capable of building relationships, marketing and recruiting with a passion for helping others.

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Business Listed By:

Brian Brown

Murphy Business Brokers