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Home Care Franchise In Cincinnati For Sale

Cincinnati, Ohio, US
Asking Price:
$550,000 (USD)
Sales Revenue:
$1,100,000 (USD)
Cash Flow:
$175,000 (USD)

Franchise resale of an established office available for sale, part of an Industry-leading national in-home senior care franchise company. Operational area covers two prime and exclusive territories in the Cincinnati Ohio area. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing or personal care, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship, in order to remain happily & safely in their homes.

This company operates in the most desirable, lucrative, sought after and demographically attractive senior care markets in the Cincinnati Ohio area. This company was Established in 2018 as the result of two franchisees merging their franchise territories into one company. This company operates out of one main office close to the border of the two territories and they also utilize a Regus shared office location as a satellite office. It has a base of over 50 active clients and over 40 active caregivers. Revenue mix includes Private Pay, Long Term Care Insurance, and Veterans Benefits. The mix of income streams balance out profit margins with payment turnarounds. This two-territory franchise is being sold as one company and covers the Southeast and Northeast areas of the city and suburbs.

The service market includes several large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The Business has established National referral sources, a database of several local referral sources, and has 40+ hired and trained Caregivers on payroll. This business requires no prior home care/medical experience. Training, guidance & ongoing support will be provided by the Franchisor & the seller are willing to negotiate transition & ongoing training.

The Company competes with other national and local businesses and sole proprietors providing home care services. Disabled adults and seniors who are 65 years and older comprise the primary market for the Company, as well as a smaller portion of younger adults with some form of disability or illness requiring assistance with daily living.

Since 2010 the Franchisor has awarded more than 230 territories in the United States. They have also received numerous awards, most recently including ranking among Entrepreneur Magazine’s Top 500 Franchises, Forbes’ Best Franchises to Buy Lists and Franchise Business Review’s Top 200 Franchises based on franchisee satisfaction.

The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives.

The sellers will assist during a transitional period. The Caregivers and staff, all of which are W2 employees, are available to work with a new owner.

Business Operation

Expansion Potential:

Excellent

Reasons for selling:

Ready to move on

Employees:
46
Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Furniture / Fixtures value:
$5,000 (USD)

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