Senior Home Care Business - Midland, TX

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Asking Price:
$450,000

Gross Revenue:
$1,084,000
Cash Flow:
$143,000
EBITDA:
$78,000
Inventory:
 Not Disclosed

FF&E:
$15,100
included in asking price

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Business Description

***Motivated Seller***

This could be the perfect opportunity to earn equity in the business before purchasing it. If you're entrepreneurial, willing to work hard and can grow the business, you could own this business with no down payment.

With the over-65 population projected to double by 2030 in America alone, more and more families around the world are in need of in-home senior care. The company is fulfilling that crucial need community by community, with one of the industry-leading senior care franchise networks worldwide. This is an opportunity to own your own business that offers not only growth potential, but also the personal satisfaction of knowing your services make a difference for seniors who want to stay in their homes as they age.

The company is located in SW Texas ( Permian Basin Area).

Business can be purchased with 10% down and a 90% SBA Loan

Please note: The franchisor will only approve individual/family member buyers. Buyers must live or relocate within 45 minutes of the main office.

About the Business

Location:
Midland, Texas
Year Established:
2010
Number of Employees:
60
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$1,900.00 Per Month
Facilities:
Open office space that includes private parking, offices, break room, training room & conference room.
Market Outlook/
Competition:
The In-Home Senior Care Franchises industry is benefiting from a growing number of aging baby boomers. In the five years to 2015, the number of adults older than 65 grew to 47.8 million people. As people live longer due to the assistance of advancements in medicine and technology, a growing number of seniors are looking to age in their homes and maintain independence for as long as possible.

Franchise establishments that provide medical and nonmedical in-home services allow seniors to do just that. The high cost of nursing homes and assisted living accommodations, coupled with the escalating healthcare costs associated with hospital stays, has also continued to drive growth in demand for in-home services. The Patient Protection and Affordable  Care Act (PPACA) of 2010 includes a list of changes to nursing services for seniors and the disabled, among them encouraging the transition from nursing home services to at-home managed care. As a result, industry revenue is expected to grow at an annualized rate of 12.6% to $12.8 billion over the five years to 2015, including 12.9% in 2015 alone.

The franchise model has gained traction as a way to capture the business of assisting senior citizens who want to remain in their homes. There are now more than 60 brands selling home healthcare franchises, which entice franchisees with moderate initial investment requirements and strong business support in key areas such as marketing and advertising. Instead of having to build reputations from the ground up as non-franchise businesses do, franchise owners benefit from the clout and name recognition of strong national brands. The number of enterprises has grown at an average annual rate of 10.7% to 6,004 companies in the five years to 2015.

Although industry growth slowed slightly during the economic downturn, in-home senior care franchising has remained strong. This growth is expected to accelerate over the next five years, with the demographic changes expected to continue
Growth & Expansion:
Demand exceeds Care Giver capacity so Care Giver recruitment and retention are key growth drivers.

The company has been paying into the new Franchisor Marketing Fund since the beginning of 2015. Franchisees expect this fund to pay off through brand recognition and lead generation.

The Franchisor is working on a technology platform to compliment Care Giver services.

Improve Client concentration to mitigate risk, thus decreasing the reliance on top % of customers to drive revenues.
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About the Sale

Reason For Selling:
The owners would like to focus on their other franchise located 2-hours away.
Training/Support:
The new owner will go through a week training offered by the Franchisor. The seller will provide onsite transition support for 2 weeks as well as call/email support for up to 3 months. The Franchisor offers extraordinary support to its franchisees. The network of franchises frequently shares best practices and advice through meetings and other exchanges.

Listing Info

ID:
1508343
Ad Detail Views:
2768

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$
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Business Listed by

Larry Blacker

Cornerstone Business Advisors

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Sponsoring Broker:

Dallas Romanowski
Cornerstone Business Advisors


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