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Licensed Home Health Care Franchise in West Los Angeles CA

MedicalFor Sale in CA

Financial & Assets Details

$1,921,000
$242,000
$10,000
670+/-

About the Business

2016
98
Yes

Business Description

Amazing Senior Demographics Within Exclusive Territory

Five-year old, diversified home health (HHA) agency for sale in Los Angeles 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 much of west and south Los Angeles County. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.

In January 2021, the business launched a major staffing agreement to provide COVID related services, which stands to potentially dramatically escalate revenues and EBITDA for the year.

The business has earned numerous awards such as Home Care Pulse’s Leader in Excellence Award for three years running, and multiple franchise awards.

This business offers both Home Care and Home Health services. Home Care services (non-medical) are offered 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 (skilled nursing) include Skilled Nursing care, Physical and Occupational Therapy and Infusion nursing. Staffing services include contracts for interim and shift based assignments with local facilities.

The business holds the Home Health Agency license from the California Department of Public Health and one well recognized accreditation, all in good standing.

The business office is fully staffed with an Office Manager, Customer Care Manager (Scheduler), Director of Nursing, Payroll/Billing Coordinator, two recruiters 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).

The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. In addition to local referral sources, the business has established National Accounts relationships. There are currently over 100 field staff, comprised of hired and trained Caregivers and Registered Nurses and Licensed Vocational Nurses. 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 or skilled nursing services.

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.

Growth & Expansion

Excellent

Market Competition:

Highly differentiated business

Support & Training

Excellent

Reason for Selling:

Personal

Listing ID: hhawla

Listed by:

Irvine California Business Broker Vasili Georgiou
Vasilis Georgiou CrossRoads Business Brokers, Inc. www.CrossRoadsBusiness.com Listings: 11(949) 753-2825 View My Listings

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