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Growth Oriented Non - Medical In - Home Senior Care
Location: United States -> Alaska
Industry: Health and Medical > Other Health and Medical




Business Summary

In-Home Assisted living Senior Care on a high growth trajectory with offices located in a busy strip mall.

The single largest population group in the United States is the so-called baby boomers and in 2016 they began turning 65 years of age. Beginning in 2018 10,000 members of this demographic group began turning 65 years of age, every day and will continue to do so for the next fifteen years or until 2034. Beyond 2034 the pace slows but continues to grow as the US Census Bureau graphic (right) illustrates.A large majority of this population will require in home care, in fact, it is projected 70% of this population will require some sort of in-home care during their post-65 lifetime.

Most seniors in this demographic prefer to remain at home rather than be institutionalized, so in-home care is paramount to them. This business addresses those needs.

The reasons for in-home care range from non-medical post-operative care and other help including assistance with the changing of clothes, bathing or other household duties to simple companionship and meal preparation. Currently, 3 FTE office employees oversee 37+ PTE/FTE W-2 wage earning employees.

With a 97% client satisfaction rate the growth tempo for this business has been and will continue to be strong. Beginning with the first full year of available financial data (due to start-up) the local business has grown revenues from $477,304 (2016) to $785,986 (2018) almost doubling revenues (70.3% growth) in the first full three years of operation with year over year growth rates approaching 26%. It is likely demand will propel this growth rate well into 2050. Profit has grown proportionately.

Lender pre-qualified SBA 7(a) $382,100 ten-year note.

Seller financing may be possible with a significant down payment and a strong track record.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $785,986
Cash Flow:   $107,488
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $7,500
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  time for a change

Photos

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Growth Oriented Non - Medical In - Home Senior Care Photo 1




Print Listing Id: 700332547
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > Alaska Businesses For Sale > Alaska Franchises For Sale > Alaska Business Brokers



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