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Top Rated Home Care Franchise In Rhode Island
Location: United States -> Rhode Island -> Providence
Industry: Health and Medical > Other Health and Medical

Business Summary

This is a five-year-old Private Duty Home Care Agency, part of nationally known, top-rated franchise brand serving the entire Rhode Island. 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.

There is a great growth opportunity in the fact that even though this franchise office currently offers non-medical services, the franchise model provides the ability for owners to pursue additional revenue streams in the areas of Placements and Staffing, if they so choose. The franchise territory is larger than an average-sized home care franchise since it encompasses the entire state of Rhode Island, with 243,523 seniors over 60, which is 23% of the population . This business provides services to one of the most demographically attractive senior care markets in the Country, ranked #14 nationally by percent of population age 65 and over

Throughout its 5-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 divided 50% from Long Term Care Insurance and 50% private pay and the company is the leader in Rhode Island for long term care insurance cases.

The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, hospice, skilled home care agencies, memory care and skilled nursing facilities. The Business has established National referral sources, a database of local referral sources, and 40+ hired and trained Caregivers on payroll.


Asking Price Range:  $250K - $500K
Gross Revenues:   $1,057,280
Cash Flow:   $183,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2018
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Yes
Current Real Estate:  Leased

About The Sale

Reason For Selling:  Personal


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Top Rated Home Care Franchise In Rhode Island Photo 1

Print Listing Id: 700387067
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Also See: Franchise Opportunities > Franchise Resales > Rhode Island Businesses For Sale > Rhode Island Franchises For Sale > Rhode Island Business Brokers

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