MergerPlace

Home Care

Texas (Lubbock)


  • Asking Price: $225,000
  • Gross Income: $602,560
  • Cash Flow: $68,127
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $439
  • Listing ID: #204609
  • Established: 2011
  • Employees: 3 FT/ 52 PT

Business Description

The home care industry is poised for exponential growth. Currently there are 34 million seniors aged 65 or older in the U.S. and through 2028, 70 million Baby Boomers will turn 65 with 10,000 more each day. As you stand in the doorway of an exploding industry, the market is wide open for a leader, with the help and resources that the franchisor offers, you will have the tools and the confidence to take charge.
Since 2001, this large franchise home care service has established itself as a premier non-medical, home care provider for all ages, including the disabled, the elderly and those recovering from illness and surgery. Not only does it offer tremendous career opportunities for you and other franchisees, entrepreneurs & employees… they give back to the community by providing a much needed service for those who are unable to maintain their everyday lifestyles, whether it is a temporary situation, or something more permanent and more economically than the Home Healthcare Market.
* History Financial Summary below includes manager salary as owner operator proforma.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Texas
County: Lubbock

Company Information

Year Established: 2011
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 3 FT/ 52 PT

Financial Information

Asking Price: $225,000
Gross Revenue: $602,560
Cash Flow: $68,127
FF&E: $439
Seller Financing Available: No

Property Information

Facilities:

Located in a rapidly expanding West Texas city, all business and services are managed from a local office. Building has approximately 1,250 SF and features four offices in a desired southwest location.

Growth & expansion opportunities:

The sellers feel this business would be better served by having an owner/operator like the other offices rather than passive investors such as the current local group. They have proudly achieved some success in growing the brand and being recognized by Home Care Pulse as a provider and Employer of Choice. We think significant growth and profitability can be achieved. Currently we do not receive referrals from the hospitals this could generate significant growth with hospital focus. The VA is another area to concentrate efforts as it is a great service to our veterans and offers high margins. Additionally there is opportunity for State contracts and the Franchise office provides training, marketing support, best practices, general know how and software tools to track income and schedule clients. They also have the opportunity to bounce ideas off of other franchisees.

Competition:

The local franchise office currently has 3 full-time and 40-60 part-time personnel at any given time. Management consists of general manager and operations manager. Currently servicing 57 clients. The primary competitors are: Comfort Keepers, Calvert, Home Instead & Best In Home Care.

Reason for selling:

Owner/investors have determined that this type of business is best operated by an owner willing to spend full time in the business. The owner’s role is to drive business through networking with B2B and B2C Clients. Currently, only one owner is working 3-4 hours per week.

Support & Training:

Will train for 1 week @ no cost. Independence is important to everyone regardless of age. For aging parents, living at home and participating in the community brings a sense of self-worth, pride and accomplishment. When illness, disease or injury strikes, lifestyles may need to change temporarily or permanently to accommodate for changing needs. Sometimes the difference between your family member staying at home or moving into an assisted living facility comes down to whether caring and compassionate assistance can be found to help with daily tasks like house cleaning, errands, medication reminders and meal preparation. Franchisor is committed to providing the highest quality non-medical home care services by treating all clients, of all ages, with dignity and respect. New owner/operator will need to become a Licensed HCSSA Provider through the state of Texas

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers