Non Medical Senior Care- Coachella Valley

senior_care

Non Medical Senior Care- Coachella Valley

Palm Desert, CA (Riverside County) (Relocatable)

Business Description

In 1990 there were 11 possible caregivers for every family member needing care. But by 2050 it is projected this ratio will reach four to one. This along with the relatively high cost of nursing homes and hospitals has led to a boon in the home health care industry.
This very profitable business in the center of the valley has a fully staffed office and independent contractors which include an Operations Manager, Scheduler, Client Care Manager and an Accountant. An 800 number and interactive website are in place plus six desks, computer, software and other supplies
No medical experience is needed to own this business. Current owner hours are 8:00 to 4:00 Monday thru Friday.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
50
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Senior care, home care, anything that makes seniors lives easier and more manageable are in great demand going forward. This business thrives on its many referrals. This is a turnkey, non-franchise, well-established local home care business in the destination resort cities in the Coachella Valley. The fifty plus caregivers, who are independent contractors, assist clients with the activities of daily living, including meal preparation, light housekeeping, bathing assistance, transportation to and from visits to the Doctor, etc. The company accepts private pay and works with all long term insurance carriers. They have well established strategic relationships with local hospital case managers, the Palm Springs area rehabilitation managers, MD’s, VNA, Elder Care and a new VA contract in place. Seller has signed a full disclosure statement and successfully completed a three year IRS audit which are available. Staff and caregivers are available to work with a new owner.
Competition:
This business is highly respected and is not a franchise, thus no franchise fees or royalties are required.
Growth & Expansion:
With the new Veterans Administration contract in place, the revenues should expand significantly next year.
Financing:
yes
Support & Training:
Owner will train and support new owner for two weeks at no additional cost. Owner serves as the Community relations manager and will transition new owner with all referrals the business enjoys.
Reason for Selling:
Owner plans to relocate to another community in Southern California

Asking Price:$700,000

Cash Flow:$413,000

Gross Revenue:$1,682,444

EBITDA:N/A

FF&E:$20,000

Inventory:$800

Lease Rate/Sq. Ft.:N/A

Established:2010

 

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