Details - Information last confirmed on May 20, 2021
A high level of franchisee autonomy has ensured this home care business to remain so profitable in one of the fastest growing senior-citizen pockets in the North East.
Buying into a well-run & profitable Senior Care franchise is not only rewarding, but it can provide excellent financial security and stability regardless of the financial climate. There has always been a demand for high-quality in-home caregivers, nurses and support workers, and that demand is expected to grow in the foreseeable future.
The single most important factor impacting the increasing demand for in-home caregiver services is the number of adults age 65 and older. While the home care business supports people of all ages, seniors are by far the largest demographic served by home care nurses, caregivers, and personal support workers.
In 2000, approximately 12.4% of the U.S. population was 65 or older. By 2030, 19.6%, or nearly one in five, Americans will be over the age of 65. By 2034, that number is expected to rise to 23.4%, marking the first time in U.S. history that older adults are projected to outnumber children.
Not only is the population aging at historic rates, but this wave of ‘baby boomers’ are strong proponents of aging in place. These seniors are increasingly seeking services and supports that allow them to remain in their own homes for as long as possible. This concentration of boomers is 26% higher in South Central PA, providing incredible growth opportunity with this particular business.
Happy to present the opportunity to interested buyers against appropriate documentation.
In the evolving MCO environment, competition among home-care providing agencies has only intensified. This particular agency has consistently maintained its edge with a highly trained efficient team and a lean management structure, delivering almost 115,000 hours of service in 2020, and consistent double-digit growth in cashflow over the past 4 years.
The international accounting and auditing firm Deloitte projects that the home care industry will grow to $157 billion by 2022, and the COVID-19 pandemic is likely to push that even higher as hospitals, nursing homes and other health care services are overburdened by the onslaught of novel coronavirus patients. Along with COVID-19, a number of well-documented demographic factors are fueling the demand for home care services.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.