Listing Number: 2401-956052
Seven-year old diversified home care agency for sale in San Diego County, California. Part of nationally known, top-rated franchise brand, the business owns two exclusive franchise territories. The company offers home health services, non-medical home care, and medical staffing. The Franchise territory has tens of thousands of seniors over 65 years old and covers Coronado, La Mesa/El Cajon, and San Diego. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.
The business has earned numerous awards such as Best of Home Care Provider, Best of Homecare Employer and Best of Homecare Leader by Home Care Pulse. The business also was recognized by the Franchisor with a Profit Master Award, achieving quarterly hourly award in 2018, 2019 and 2020.
This business offers home care services for all ages from infants to seniors. Companion services include meal preparation, light housekeeping, shopping, errands and transportation. Personal care services include medication reminders, bathing, dressing, Alzheimer's care, transfers, and toileting. Home Health services include Skilled Nursing care, Physical and Occupational Therapy and Infusion nursing. Staffing services include contracts for Continuous Care, Rehab, and other long-term care facilities Speech therapy.
The business holds two State of California licenses and one accreditation, all in good standing. The operation is licensed by the Dept. of Social Services for non-medical home care, and also licensed by the Dept. of Public Health for skilled nursing care. In addition, the business is accredited for home care and home health, and the accreditation was recently renewed.
The business office is fully staffed with a Customer Care Manager (Scheduler), PT Director of Nursing, Payroll/Billing Coordinator, an HR Specialist, and a full-time sales and marketing person.
This business is recognized as a community leader in delivering quality customer service and superior care and has an excellent reputation for serving clients. Through the years, the business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities. Majority of revenues come from medical Staffing and Skilled Care (Home Health), and 25+% comes from non-medical Home Care, with 5% Long Term Care Insurance related.
The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The location has established National referral sources, a database of over 500 local referral sources, and 50 to 60 field staff, comprised of hired and trained Caregivers and Nurses on payroll. 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, as well as a Consultant role after the sale.
The location 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 for personal reasons but will assist during a transitional period. The Caregivers and staff, all of which are W2 employees, are available to work with a new owner.
Buyer Qualifications (for bank and franchisor)
Must be excited and qualified to own, operate and grow a business working and living in San Diego. Liquidity after acquisiton needs to minimally cover all business and personal expenses after down payment.for at least 6 months without the cashflow from this business. SBA possible. Minimum down payment plus fees about $300,000.
Gross: $2,845,000.00. Cashflow: $750,000. Asking: $2,595,000
- Price: $2,595,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $750,000
- Total Sales: $2,845,000
- Inventory: $0
- FF&E: $10,000
- Employees: 108
- Year Established: 2010
- Reason for Selling: personal reasons
- Category: Medical Related Biz