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$1.3mm Top Rated Home Care Franchise

Location  California,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1280000
Net Profit / Cash Flow  $213000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2008
Number of Employees  35 - 49
Relocatable  Yes
Number of Employees  35 - 49
Real Estate  Owned
Training  Excellent.
Reason for Sale  New ventures.
Description  Four year old Private Duty Home Care Agency for sale in Orange County, California. Part of nationally known, top-rated franchise brand (with non-medical and skilled divisions), which is ranked by Franchise Business Review in the top 5 in terms of growth. This business has a franchise territory that covers a big part of Orange County and it services 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 10-15 National referral sources, a database of 200+ local referral sources, and 200+ hired, trained Caregivers on payroll through ADP. Senior care is a $55 Billion recession proof industry. This business requires no prior home care/medical experience. Since its launch, the company has experienced dynamic financial growth. Revenues in 2009 were $600K, in 2010 over $1MM, and in 2011 close to $1.3MM. In 2011 more than 95% of their revenues were cash based (42% of which from LTC insurance cases), while the remaining 5% came from childcare services associated with a National Employee Assistance Program. Client counts range from 30 to 40 in a given week. Large potential growth opportunity exists with the introduction of Skilled services at the discretion of new owner. With professional offices strategically located , the company provides both long and short term care to their clients, most of which receive between 8 and 24 hours of care per day. The asking price for this opportunity is $745,000, with Seller s Discretionary Earnings at $210,000. The seller would like to pursue other interests but will assist during a transitional period. The rest of the staff and caregivers, all of which are W2 employees, are available to work with a new owner.
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