Leading Home Care Franchise For Sale - Grossing over $4,000,000 Yearly
$700,000 Owner's Cash Flow
Middlesex County, Massachusetts
Listing Number: 1646
Asking Price: $2,750,000
(includes two weeks of working capital needs, estimated at $150-200K)
Gross Revenues: $4,500,000
Owner's Cash Flow: $750,000
A leading home care franchise, serving several affluent communities in the Boston area and suburbs, is available for sale. With years of experience and a solid franchise partner, this company was able to quickly pivot when coronavirus hit and continue to grow their business amidst the pandemic. In May 2020 they recorded their strongest month to date, with almost $400,000 in sales for the month!
The company provides non-medical home care to clients residing in their homes (65%) or assisted living facilities and nursing homes (35%). The company also provides assistance to families in managing long term care insurance, which can be a complicated process.
Over the five years to 2024, the number of adults aged 65 and older is expected to grow to 63.4 million people, accelerating industry growth. This presents a unique opportunity to acquire a solid company with proven track record and strong staff of caregivers in place.
Growth & Expansion Opportunities
According to IBISWorld, over the next five years, industry revenue is forecast to organically grow at an annualized rate of 6.4% to $15.0 billion. A purchaser can also choose to acquire additional franchise territories or add medical services to their portfolio.
Support & Training: The sellers will provide necessary training and support to ensure a smooth transition.
Reason Selling: To concentrate on other business ventures