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Top Rated Home Care Franchise In Bowie For Sale

Bowie, Maryland, US
Asking Price:
$99,000 (USD)
Sales Revenue:
$234,000 (USD)
Cash Flow:
Available on request

Franchise resale of an established office available for sale, part of an Industry-leading 50-yearold national in-home senior care franchise company. Operational area covers an exclusive territory in Upper Prince George’s County Maryland. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders or medication management, bathing or personal care, grocery shopping, light housekeeping, errands, Alzheimer's care, or companionship, in order to remain happily & safely in their homes.

This resale opportunity allows the new owner to step into an existing established operation poised for growth. This scenario is much more beneficial than buying a brand-new franchise territory and trying to establish a presence from ground zero, which is estimated it could take up to a year and cost a 6-figure investment.

Upper Prince George’s County has several affluent cities which makes this territory a prime territory for private pay home care. There is also a tremendous opportunity for staffing in this area with several schools, government agencies, companies that need temperature checking, flu clinics etc. The business operates with a Level two license for home care which allows distribution of medications. This business also has two staffing licenses that permit them to provide staffing services in facilities The state of Maryland requires a new owner to apply for all three licenses, but the new owner can use current business processes and documents etc. that are required to obtain the licenses. Current owner will assist in this process.

This franchisor provides full support for additional business line offerings. Support for the following lines is included at no cost: 1) In-home Non-Medical Personal Care and Support. 2) Skilled care/Medicare reimbursement services. 3) Medical personnel staffing. The national franchise company provides unparalleled support and training and will assist with obtaining the Medicare skilled care certification license and will provide all training, manuals and mock surveys to prepare for this license at no extra charge to the owner. The National franchise company also offers a Hospice component for an additional investment. This combination covers the full continuum of care and is not available or fully supported by any of the other competitor franchisors. This national franchise generates the largest dollar volume per office in the nation and as a result has several established national contracts offering referrals and group buying discounts.

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 20+ active Caregivers on payroll and a roster that includes upwards of 30-40. This business requires no prior home care/medical experience. Training, guidance & ongoing support will be provided by the Franchisor & the seller is 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.

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 seller is selling to relocate but will assist during a transitional period and help with all licensure requirements. The Caregivers and office employee are available to work with a new owner.

Fully furnished office is ideally situated on the first floor of a two-story office condominium complex. The office includes a spacious reception area, two offices, a conference/caregiver orientation room, and a private restroom. Attractive lease can be transferred and is locked in through January 2024. Furnishings that come with the business include two 4 drawer office desks and chairs. One large desk in the reception area. A double desk with hutch & two file cabinets. Three bookshelves and four folding tables with several chairs. Seller will also include wheelchair, canes etc. which are needed for direct care worker orientation. Office layout and furniture is set up to be turnkey and is included in the deal.

Property Information

Real Estate:

Lease

Lease Terms:

1,283/ month

Size in square feet:
880

Business Operation

Expansion Potential:

Excellent

Reasons for selling:

Relocating

Employees:
Roster: 30-40+ Active: 10-15
Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

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

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