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Listed by:

Gateway Business Sales

Profitable Home Care Agency With In Sales For Sale

New Castle County, Delaware, US
Asking Price:
$1,490,000 (USD) Furniture / Fixtures included
Sales Revenue:
$4,134,000 (USD)
Cash Flow:
$473,000 (USD)

You can own a well-established and profitable home care agency that has been serving clients in New Castle County in Delaware for 34 years. The company has a roster of 200 well trained caregivers who provide non-medical assistance to an average of 124 clients per week. You will take over a stable company that has 11 highly trained, skilled, and passionate employees with an average tenure of eight years. The company is one of the top-performing (in terms of size, net income, and turnover rate) franchisees from one of the nation’s leading home care organizations. They have achieved one of the lowest turnover rates for caregivers in the industry–less than 10%. In addition, their territory is twice the normal size (population of 600,000 compared to 300,000) because they were one of the first franchisees. They have proven business processes and have a diversified sales and marketing pipeline to attract clients and caregivers.

Property Information

Real Estate:

Lease

Leasehold Rent:

$21,300 (USD) per annum

Premises Details:

1,500 square feet of office space. The lease expires in January 2022.

Size in square feet:
1,500

Business Operation

Expansion Potential:

As the baby-boomer generation ages and the elderly population grows, the demand for the services of home health and personal care aides continues to increase. Five out of the 20 industries projected to grow the fastest from 2019 to 2029 are in healthcare and social assistance, the fastest growing industry in the economy. Over the next five years, the number of adults aged 65 and older is expected to grow to 63.4 million people. Overall employment of home health and personal care aides is projected to grow 34 percent in the same period, much faster than the average for all occupations. In addition to direct pay from clients, they have contracts with Medicaid and the VA that provide growth opportunities. This agency has robust sales and marketing resources and processes and a staff to capitalize on growth opportunities.

Competition / Market:

This agency is one of the largest operations in Delaware and the franchise is the first non-medical home care franchise in the U.S. The agency’s franchise territory is twice the size of most territories so the opportunities for growth are vast.

Reasons for selling:

Retirement

Employees:
11
Years established:
1987

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The current owner is willing and looks forward to staying involved for a period to assist with a profitable and smooth transition. If needed, the owner will continue to act as the director until one can be found. In addition to an experienced staff and turnkey document processes, the franchise offers robust ongoing training and field support.

Furniture / Fixtures value:
$41,000 (USD) - included in the asking price

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