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Leading Boston Metrowest Homecare Company

Leading Boston Metrowest Homecare Company
Listing:
1646
SOLD!
Grow the Business Through Marketing and Additional Territories
Acquired By:
Industry Buyer
Revenue:
$4,382,439
Cash Flow:
$722,134
Asking Price:
$2,495,000
Sold Price:
$2,350,000
Business Description:

A leading home care franchise, serving several affluent communities in the Boston area and suburbs, is available for sale. With years of experience and a solid franchise partner, this company was able to quickly pivot when coronavirus hit and continue to grow their business amidst the pandemic. The business has grown month over month, even during the Covid-19 pandemic, and grossed nearly $4,400,000 in 2020 with an Owner’s Cash Flow of $722,000.

The company provides non-medical home care to clients residing in their homes (65%) or assisted living facilities and nursing homes (35%).  The company also assists families in managing long term care insurance, which can be a complicated process. The company has a strong team in place, allowing the owner to work on strategy and business development.

Over the five years to 2024, the number of adults aged 65 and older is expected to grow to 63.4 million people, accelerating industry growth. This presents a unique opportunity to acquire a solid company with proven track record and strong roster of staff.

Growth Expansion and Opportunities:

According to IBISWorld, over the next five years, industry revenue is forecast to organically grow at an annualized rate of 6.4% to $15.0 billion. A purchaser can also choose to acquire additional franchise territories or add medical services to their portfolio.

Support & Training:

The seller will provide training and support to ensure a smooth transition

Terms:
It is expected that a qualified buyer can obtain an SBA 7A loan with a 10-20% down payment for the business. Buyer to obtain their own working capital.
Broker:

Sarah Grossman

Confidentiality Agreement: Download, fill it in and return it to us via email or fax to get the identity and full report about the business:
  • Leading Boston Metrowest Homecare Company

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