MergerPlace

Home Care Franchise in Tri-Cities, TN

Blountville, Tennessee (Sullivan)


  • Asking Price: $349,000
  • Gross Income: $1,195,000
  • Cash Flow: $115,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #207923
  • Established: 2011
  • Employees: 40

Business Description

Eight-year-old non-medical home care agency for sale in Sullivan County, TN. Covering Sullivan, Washington, Unicoi and Carter counties in TN. Part of nationally known, top-rated franchise brand. The company offers home care and staffing.

This business offers home care services for all ages from infants to seniors. Companion services include meal preparation, light housekeeping, shopping, errands and transportation. Personal care services include medication reminders, bathing, dressing, Alzheimer's care, transfers, and toileting. Staffing services include national contracts for medical staffing, long term care assessments, flu and wellness clinics, injection training, and case management.

The business holds a Tennessee Personal Support Services Agency license and one accreditation, all in good standing. The business is the only non-medical home care agency accredited by the Joint Commission for home care, and the accreditation was just renewed in 2017 and is valid until 2020.

The business office is fully staffed with a Branch Manager, Payroll and Billing Manager, Director of Nursing (PRN), and Community Relations Manager.

This business is recognized 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. 2017 revenues were as follows: 60% is private pay non-medical home care services, 23% is national account staffing, and 17% is Medicaid.

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 local referral sources, and about 40+ 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 - Nursing & Residential
Location: Tennessee
Metropolitan Area: Blountville
County: Sullivan

Company Information

Year Established: 2011
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 40

Financial Information

Asking Price: $349,000
Gross Revenue: $1,195,000
Cash Flow: $115,000
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Excellent

Reason for selling:

Personal

Contact Business Seller

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Business Listed By:

Vasilis Georgiou

CrossRoads Business Brokers, Inc.