Business Overview

As the population continues to age across the US, the need for home-based, non-medical care has never been greater. This home-based business is part of a national franchise that places qualified and vetted care givers into seniors’ homes to help with everything from running errands to light housekeeping. They do NOT provide medical services. All customers are private-pay . . . no messing around with insurance companies!

Locally, this business has developed a stellar reputation throughout Central Virginia. More than 40 qualified caregivers are deployed across two franchise territories to serve the needs of our community. With the backing of a strong national franchise, this TURN KEY business with LOW OVERHEAD is perfect for someone passionate about helping seniors and making a real difference in their community. This essential business showed double-digit growth, even through the COVID 19 pandemic!

This sale includes TWO adjacent, protected franchise territories in affluent markets.

Financial

  • Asking Price: $335,000
  • Cash Flow: $132,810
  • Gross Revenue: $457,719
  • EBITDA: N/A
  • FF&E: $10,501
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:42
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home based, but owner maintains a "virtual" office for mail. (Home Based)

Is Support & Training Included:

Will train for 2 weeks @ $0 cost. No special license required. Owner should have a passion for helping seniors, and a strong desire to manage a growing business.

Purpose For Selling:

Owner is retiring.

Pros and Cons:

There is no shortage of companies who provide home care services, but none have the proven workforce and solid reputation of this company. Importantly, this franchise is equipped with unique tools and training, and a uniquely built strategy which allows them to increase client retention and have an even stronger competitive advantage.

Opportunities and Growth:

This business contains 2 franchise territories in the most affluent areas in the region. As the population continues to grow, and age, there is ample opportunity to bring on additional caregivers and engage more seniors.

Home Based:

This Business Is Home Based

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2018, making the business 4 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. Nevertheless, the true factor and the one they say to you might be 2 entirely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not rely absolutely on a vendor's word, however rather, make use of the vendor's solution combined with your overall due diligence. This will repaint a more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new consumers? Many times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Particular variables such as brand-new competition growing up around the location, roadway building, and also staff turnover can influence repeat clients as well as negatively affect future revenues. One crucial point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the chance to construct a returning client base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood typical household earnings influence future revenue prospects?