Top Rated Home Care Franchise in Cerritos CA

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Asking Price:
$195,000

Gross Revenue:
$450,000
Cash Flow:
$60,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a two-year-old Private Duty Home Care Agency for sale in Cerritos, CA. This business is part of nationally known, top-rated franchise brand that was named top Brand for the last ten years in a row. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing or personal cares, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship in order to remain happily & safely in their homes.

Throughout its 2-year operation, the Company has become the industry leader in the local senior care community. Its excellent reputation in serving clients and with its employees, has earned this company solid relationships with professionals in the health care and senior communities. Revenue mix is very stable, 25% Private Pay, 80% from Veterans Admin. Clients pay electronically via ACH making cash flow easier to manage.

With diligent and aggressive marketing, excellent client relations and skillful management, the owner/operators have grown what was a small franchise into a profitable and well-run operation.

The franchise territory population is 224,460 which is covered by one office. This business provides services to one of the most demographically attractive senior care markets in the Country. The territory consists of a middle-class diverse community, which is an excellent source for clients as well as caregivers.

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 National referral sources, a database of over 500 local referral sources, and 65+ Caregivers, hired, trained, 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 Company 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.

About the Business

Location:
Cerritos, California
Year Established:
2017
Number of Employees:
35
Franchise:
Yes
Market Outlook/
Competition:
Excellent
Growth & Expansion:
Excellent
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About the Sale

Reason For Selling:
Personal

Listing Info

ID:
1626720
Ad Detail Views:
0

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$
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Business Listed by

Vasilis Georgiou,M&AMI, CBI, CBB, MBA

CrossRoads Business Brokers

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U.S. Census Data for Los Angeles County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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