Respected Home Care Franchise in VA

Financial & Assets Details

About the Business

Business Description

This Virginia-based non-medical home care company presents a compelling opportunity to acquire a well-established business. Founded in 2010 and acquired by the current owner in 2018, this business has become a vital part of the senior care landscape in its local community.

The company operates as part of a nationally recognized franchise system, leveraging a strong brand presence and comprehensive support infrastructure. Serving a territory that includes several cities in southeastern Virginia, the business caters to a growing senior population in a market with demographics favorable to home care services.

The company has a demonstrated commitment to quality care and service excellence. The owner's dedication to community service was recognized in 2023 with a prestigious award.

During the challenging period of the pandemic in 2020, the company demonstrated remarkable resilience and growth, earning recognition for exceeding revenue goals for three consecutive months. This achievement underscores the business's stability and potential for continued success.

The Company has a unique business model within an Independent Living Community where they assist 10-15 residents with Activities of Daily Living (ADLs) seven days per week. This community serves as a built-in referral source for the agency.

While the Company is a market leader in name recognition and brand awareness, many opportunities remain for a new owner to explore with the goal of increasing client count and revenue. Two opportunities that a new owner could choose to pursue are: a) Medicare Advantage, and b) Expand on the Veteran’s Administration provider status.

The Company differentiates itself based on the following factors:

• Established Brand and Reputation: Operating since 2010 and acquired in 2018, the Company has built a strong reputation in in its market, earning awards and favorable Google and website reviews.

• Large, Growing Market: The Company serves a territory with a population of over 1.9 million, including nearly 290,000 seniors - almost 2.5 times the national average for a typical franchise territory.

• Experienced Leadership: Owner brings 24 years of healthcare leadership experience and deep personal connections to senior care, driving the Company's commitment to quality service.

• Strategic Partnerships: The Company has a unique business model within an Independent Living Community, providing a built-in referral source and serving 10-15 residents daily.

• Comprehensive Service Offering: Provides a wide range of personal care and specialized services, including 24-hour care, dementia care, and post-hospitalization support.

• Strong Operational Systems: Utilizes state-of-the-art technology ensuring efficient operations.

• Diverse Referral Network: Receives referrals from various sources including healthcare facilities, online platforms, community networking groups, and word-of-mouth recommendations.

• Growth Opportunities: Potential for expansion into Medicare Advantage services and pursuing Veteran's Administration vendor status.

• Quality Workforce: Maintains a long-tenured, experienced administrative staff and a pool of loyal, hardworking caregivers, ensuring consistent service quality.

According to industry reports, the U.S. home care market is projected to grow significantly, with the senior population expected to reach 72 million by 2025, presenting substantial growth opportunities for established providers like this Company.

Growth & Expansion

Excellent growth

Reason for Selling:

Retirement