$917K Non-Medical In-Home Senior Care – East Central Ohio

Licking County, OH

Seller Financing Available

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Asking Price:$299,500
Gross Revenue:$917,000
FF&E:$2,000
Cash Flow:$107,000
Rent:$325/Month
Established Year:2008
BUSINESS DESCRIPTION

This growing company provides non-medical care and assistance with daily living for seniors within a 4-county area northeast of the Columbus Ohio Metro area. Established in 2008, the firm is backed by the well-respected brand name of one of the most successful networks of independently owned In-home care companies in America. Its business is effectively divided between self-paying clients, seniors who qualify for Ohio’s PASSPORT Medicaid waiver program and local senior support programs.

The Company has clients, caregivers and an excellent operating system in place. Current ownership has not played an active day-to-day operating role but is prepared to assist the successful buyer with training and an effective transition.

This is a great opportunity to help meet the growing needs of the nine out of ten Americans 65 and older wanting to stay at home for as long as possible.
With more than 38,000 seniors in its service area the business has grown at a compound average annual rate of 10% since 2015 and is exceptionally well positioned for continued double digit growth.


DETAILED INFORMATION
Location
Licking County, OH
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
31/03/2025
Employees
37
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Company operates out of a well-equipped centrally located office about 45 minutes from metro Columbus. They are in a short-term lease. (Total rent: $325 per mo.)
Competition
Senior care alternatives include other national franchises and independent home care firms as well as Independent/Assisted Living Facilities and Residential Care Homes.
Growth & Expansion
A recurring flow of new client inquiries come primarily from referral providers within the senior and medical communities and among the families of former clients as well as from “top of page” internet presence and national/local advertising. As the oldest of the 78 million US baby boomers reach their 70s and live longer, demand for in-home care is expected to explode.
Financing
Seller will finance a portion of a full value offer.
Support & Training
Full training and support are included from current owner and the franchisor. Owner is committed to assisting with a thorough transition.
Reason for Selling
Seller is pursuing other business interests.
Franchise
This business is an established franchise
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Chuck
Honigfort
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Chuck Honigfort