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Top Home Care Franchise in King and Snohomish Counties

MedicalFor Sale in Bellevue, WA

Listing ID: hcwa | Broker Listing ID: BLP340657

Financial & Assets Details

$2,958,000
$221,000
$10,000

About the Business

2015
Yes

Business Description

Amazing Senior Demographics Within Exclusive Territory

Eight-year-old home care agency for sale in King and Snohomish Counties, WA, part of a national franchise brand. This business offers In-Home Care (Companion, Personal, Memory, Recovery Care). Companion services include meal preparation, light housekeeping, shopping, errands and transportation. Personal care services include medication reminders, bathing, dressing, transfers, and toileting. Memory care services include dementia care, companionship, and home safety. Recovery care services include mobility and exercise assistance. The franchise brand offers an exclusive in-home care wellness program that focuses on mental and physical well-being through active living.

The Company holds a Home Care Agency License through the State of Washington Department of Health. The business office is fully staffed with 2 Staffing Coordinator and Care Director and a HR/ Billing and Payroll Administrator, a part time Community Outreach Coordinator.

This business is recognized as a community leader in delivering quality customer service and superior care, has an excellent reputation for serving clients, and is known for a specialty in serving people with chronic illnesses, and Veterans. The beginning was challenging but through the years, the business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities. This franchise offers a great opportunity for a semi-absentee ownership if desired.

The two franchise territories the Company owns, together have approximately 90,000 seniors (over 65), which is much larger than a typical franchise territory office coverage, based on an average-sized home care franchise which typically only has 30,000 – 40,000 seniors. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.

The service market includes several large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The location has established referral sources and 50+ hired and trained Caregivers on payroll. This business requires no prior home care/medical experience. WA State Department of health requires a new Home Care Agency Owner to take an orientation class, classes are webinar-based, about four hours, and free of charge. Additional 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. 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. Approximately 5% of clients have Long Term Care Insurance Benefits, and the rest are Private Pay.

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 office staff, all of which are W2 employees, are available to work with a new owner.

Growth & Expansion

Excellent

Market Competition:

Assisted Livings and Adult Family Homes

Location Details:

Operates in a 1700 SF office in professional business plaza

Support & Training

Excellent

Reason for Selling:

Relocating

Listing ID: hcwa

Contact Broker

Buy or Sell a Business with Crossroads Business Brokers
CrossRoads Business Brokers, Inc. www.CrossRoadsBusiness.com Listings: 10(949) 753-2825 View My Listings

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