Details - Information last confirmed on November 16, 2020
Ten-year-old Private Duty Home Care Agency for sale in the San Mateo area of Northern California. Part of nationally known, top-rated franchise brand which is ranked by Franchise Business Review in the top 5 in terms of growth. Senior care is a $55 Billion recession proof industry. The business does not require prior home care/medical experience.
This well-established office is available for sale and is part of an industry-leading national senior home care franchise company. The operational area covers the entire San Francisco Peninsula. The company offers affordable home care services for seniors and their families who require assistance with safety supervision, meal preparation, light housekeeping, errands and transportation, personal care, hospice supportive services and medication reminders.
This company has an excellent reputation in the health care and senior communities, has received numerous awards and recognitions, and has a well-established presence in the community. The office consistently scores highly in third-party client performance reviews. Majority of revenue comes from private pay, long term care insurance, and other payers.
This is one of the most highly desirable and demographically attractive senior care service markets in the US. The office is in the San Francisco Peninsula, its territory has over 110,000 senior population, and has opportunities for strong expansion.
The service market includes several large Hospitals, Senior Centers, Assisted Living Communities, RCFE’s (Residential Care Homes), Nursing Homes, Memory Care and Skilled Nursing Facilities. 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 the activities of daily living. The company also has a large contract for backup care which enables it to service children through the parents' benefits program. This differentiates the company because new hires can start working immediately while they wait for the perfect ongoing assignment.
Since its launch, the company has experienced consistent financial growth. Most revenues are cash based, with LTC insurance, Veterans benefits and a National Employee Assistance Program accounting for the balance. Cash flows are excellent. Potential growth opportunities exist in several areas at the discretion of new owner.
The Company is run semi-absentee. Besides the Owner, they have the following office staff: Director of Operations, Staffing Manager, Recruiter. Bookkeeping/Accounting/HR are outsourced to a trusted local partner who has worked with the Company for 5+ years.
This business requires no prior home care or medical experience. Training, guidance, and on-going support will be provided by the franchisor. Franchisor provides one week of pre-opening support at Franchisor Training Center as well as on-site support. The seller is willing to provide assistance during a transitional period. The rest of the staff and caregivers, all of whom are W2 employees, are available to work with a new owner.
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