Top Rated Home Care Franchise in Corona, CA

Corona, CA (Riverside County)

Top Rated Home Care Franchise in Corona, CA
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Asking Price: $450,000

Cash Flow: $142,700

Gross Revenue: $1,141,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: 2013

Top Rated Home Care Franchise in Corona, CA

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Business Description

Multiple Revenue Streams Available

Seven-year-old Private Duty Home Care Agency for sale in Corona, California. Part of nationally known, top-rated franchise brand. The company offers affordable services for seniors and their families who require assistance with meal preparation, medication reminders, bathing or personal care, grocery shopping, light housekeeping, errands, Alzheimer's care or companionship in order to remain safely in their homes. The business office is staffed with a Staffing Coordinator, an On-Call Quality Assurance Nurse, a Recruiter, and a Bookkeeper.

The franchise model provides the ability for owners to pursue additional revenue streams in the areas of placements as well as skilled home health services if they so choose. This franchise territory is larger than a typical home care franchise, with tens of thousands of seniors over age 65.? This business provides services to one of the most demographically attractive senior care markets in the country.

Throughout its 7-year operation, the Company has become the leader in the local senior care community. Its excellent reputation in serving clients and supporting its employees has earned this company solid relationships with professionals throughout the health care and senior communities. Approximately 85% of revenue comes from Contracted Managed Care PACE Program, and the remaining 15% from Long Term Care Insurance and other payors.

The service market includes many large hospitals, senior centers, assisted living communities, nursing homes, memory care facilities and skilled nursing facilities. The Business has established national referral sources, a database of local referral sources, and 40+ trained Caregivers on payroll.

This business requires no prior experience in home care, health care or medicine. Training, guidance, and ongoing support will be provided by the Franchisor. The Seller will provide 4 weeks of training at 20 hours per week post-closing at no cost and is willing to negotiate a Consultant role after that period.

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 for personal reasons but will assist during a transitional period. The Caregivers and staff, all of whom are W2 employees, are available to work with a new owner.

Detailed Information

Location:
Corona, CA
Employees:
35
Growth & Expansion:
Very strong demographic trends
Support & Training:
Excellent
Reason for Selling:
Other business interests
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Chris Gamble

Business Listed By:
Chris Gamble

CrossRoads Business Brokers


Sponsoring Broker:
Vasilis Georgiou,CM&AA, M&AMI, CBI, CBB, MBA

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Ad#:1796925

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