HIGHLY PROFITABLE SENIOR CARE FRANCHISE
Seller:
Attn:
Hugh Robertson
Location:
Memphis area, TN, USA
Listing Number:
"01-1030-Hrh"
Overview of the Business:
This profitable, rapidly growing franchise business provides in home assistance and care to seniors and any adults needing help with the activities of daily living. Examples of services provided include companionship, meal preparation, light housekeeping, bathing assistance and more. The need for this service is great as the senior population continues to grow. This business has enjoyed rapid growth in sales, cash flow and number of clients since beginning operation in 2007. They currently have 75 clients and through the first 9 months of 2009 sales have already surpassed those of 2008. Sales in 2008 were over $1.2 million with a cash flow of $187,000. 2009 sales are estimated to be over $1.9 million with a cash flow of over $500,000. One owner is the acting General Manager and the other works part-time in staffing and marketing.The company also employs a staffing coordinator, a Licensed Practical Nurse (LPN), an Operations Manager and 70 caregivers, most of whom are Certified Nurse Assistants. Anyone who wants to own a profitable, growing business well positioned to take advantage of an exploding industry needs to consider this opportunity.
Property Features and Assets:
The business occupies 1,950 sq. ft. in a strip center centrally located in the service area.
Market Competition and Expansion:
The senior care industry is a growing one reflecting the large increase in the senior population. There is competition in the industry, both from private and franchised companies. However this business has already built a significant client base and a well developed referral base. Add the support of a franchsor with 15 years experience in the industry and significant brand recognition, and they are well positioned to be a dominant provider in the marketplace. The number of clients has grown rapidly from 20 in 2007 to 75+ currently. There are several strategies for growth. An action plan to accomplish this has been implemented. Adding a salesperson could also drive growth. As the senior population (over 65) is expected to grow to 55 million people by 2020 from 36 million in 2004, the future growth potential in the industry is enormous.
Additional Details:
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