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Listing ID: 731135

Highly Profitable In-Home Senior Care Firm – Western Kentucky For Sale

Daviess, Kentucky, United States

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: $ 1,043,000

Cash Flow: $ 220,000

Business Description

This In-Home Senior Care firm is a market leader located in the attractive Tri-state area where Illinois, Indiana and Kentucky intersect. Its clients are primarily affluent “self-pay” seniors that need assistance with activities of daily living including but not limited to personal care, meal preparation, and companionship. Its strong brand name and loyal referral source network support a revenue base of over $1.0 million and Owner Cash Flow of approximately $220,000.

The Company provides approximately 1,800 hours of service per week to 65 clients in their residences and hospitals. They enjoy an excellent reputation among referral sources such as skilled care providers, hospitals, senior centers and support groups for families with elderly parents.

The Company is exceptionally well-positioned for future growth as the elderly population increases. Nationally, 10,000 seniors per day turn age 65 – a trend that will continue for the next 18 years.

Property Details

Years Established:

11

FF&E:

$ 5,000

Other Details

Business Location:

The business has a centrally located office that provides store front advertising and is convenient for meetings with employees and clients.

Premise Details:

The business includes approximately 1700 square feet of well equipped leased office space. The rent is $1,067 per month.

Competition:

The company rapidly achieved its market leadership position by leveraging its excellent reputation for providing “best in class” care by W-2 caregiver employees while building an extensive and loyal network of referral sources.

Expansion Potential:

As the oldest of the 80 million US baby Boomers approach age 70, demand for in-home senior care services is expected to explode. Industry insiders refer to this growing client pool as “The Silver Tsunami”.

Operation Details

Employees:

85

Trading Hours:

Care is provided as need by Clients ... up to 24 hours per day 7 days per week. Normal administrative office hours are from 8am to 5pm M-F.

Support & Training:

Current ownership is committed to assisting with a thorough transition plan.

Miscellaneous

Financing Available:

Yes
The Seller will provide a Seller Note of up to 60% of the equity contribution of the Buyer.

Reason For Selling:

The owner will remain in the industry but wishes to downsize by divesting certain clients and counties.

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