Top Rated Home Care Franchise

Listing ID: 700347939

Listing Title: Top Rated Home Care Franchise

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Industry: Health and Medical

Industry Segment: Other Health and Medical

Country: United States

State / Province: Maryland


City: Annapolis

Asking Price Range: $250K - $500K

Gross Revenues: $705,000

Cash Flow: $107,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2009

Number of Employees: 20 - 34

Business Description:
Business consists of a single well-established territory that is part of an industry-leading national senior home-care franchise company. The operational area is Anne Arundel County, Maryland, a well-located market for seniors with favorable household incomes. The company is part of nationally known, top-rated franchise brand that is ranked by Franchise Business Review in the top five in terms of growth. Senior care is a $55 Billion recession-proof industry. The company offers affordable home care services for seniors and their families who require assistance with safety supervision, meal preparation, light housekeeping, errands and transportation, personal care, hospice supportive services and medication reminders. They offer flexibility in providing shifts as short as four hours up to and including full 24/7 service. Seniors who are 65 years and older comprise the primary market for the Company. The service market includes a number of large hospitals, senior centers, assisted living communities, independent living communities, nursing homes, memory care and skilled nursing facilities. The Business benefits from a number of national agreements, a strong internet presence and technical resources, as well as an extensive base of local referral sources and a strong staff of trained Caregivers. The company experienced consistent financial growth from its launch up through 2016. In the ensuing three years revenue and cash flow have declined, which the owner attributes to a loss of focus. There is a significant opportunity for new ownership to regain the prior momentum. The majority of revenues are cash based, with LTC insurance and Veterans benefits accounting for the balance. Cash flows are good, and consistent with the asking price. Client counts range from 25 to 33 per week. Potential growth opportunities exist in a number of areas, at the discretion of new owner.

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