Listing ID: 67657
This established-New Jersey home care agency offers in-home companionship and personal care and assistance to seniors and disabled adults who want to continue to live independently. With two (2) territories and one (1) office, they serve the communities in the surrounding Counties and provide care from a few hours a day to overnight shifts to live-in care.
• Beautiful, booming & fast-growing
• Private pay business
• Team of professionals on staff
• Seller willing to assist buyer,
• Fully accredited as required by New Jersey
Priced RIGHT. Don’t wait, inquire on how to become the next franchise owner of this success business!!!
- Asking Price: $200,000
- Cash Flow: $100,000
- Gross Revenue: $521,340
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
2 Territories | 1 Office
Two (2) weeks at home office, where the franchise owner is allowed to train with two (2) of their employees. The education doesn’t stop at graduation. Because our success depends on your success, you will be launched into our RightStart Process to help guide you through the next 6-12 months.
Seller moving on to new business ventures
Unique approach to home care service provides an exceptional customer experience through four distinct principles: (1) The personal care of a friend with dedicated local owners and trained, committed, and compassionate caregivers. (2)The care they need when they need it with a wide range of services and flexible scheduling. (3) A personalized Care Plan managed by professionals with caregiver matching based on a thorough assessment. (4) A resolute passion to improve the quality of life for those we serve means peace of mind for our clients and their families.
This home care agency was the first nationwide brand to create a package of services, to assist hospitals, as well as other providers, in the reduction of preventable hospital readmissions and associated costs. The number say it all: *65% reduction in preventable readmissions *99% patient satisfaction rate *On average, $1M in hospital savings (information is based on a three-year home pilot study in conjunction with Forsyth Hospital in Winston-Salem, NC, with funding from the Duke Endowment)
This Business Is An Established Franchise
The venture was established in 2015, making the business 7 years old.
The business has 2 FT / 15 PT employees and resides in a building with approx. square footage of 1,000 sq ft.
The property is leased by the company for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. However, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they may say "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of various other reasons. This is why it is extremely important that you not depend entirely on a seller's word, yet rather, utilize the vendor's answer together with your overall due diligence. This will paint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Certain aspects such as brand-new competitors sprouting up around the area, road construction, and personnel turnover can impact repeat customers and also negatively impact future earnings. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the better the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the local median family earnings influence future revenue potential?