This home care company offers significant growth potential. Considering the large population of aging baby boomers and their parents, this industry is staged for tremendous growth over the next few decades. More growth opportunities are detailed in the Confidential Business Review.
The company provides non-medical care for seniors in their own homes. Services provided by its experienced staff of caregivers include meal preparation, help with bathing and dressing, errands, light housekeeping and companionship. The average age of care recipients is 85. The caregivers are employees of the company, not independent contractors. The highly competent office staff, including case managers and staff coordinators, handles day-to-day operations. With this responsible team, the owner has the option to be involved on a semi-absentee basis, so the business does not need to revolve around the owner. The current owner does work full time, by choice.
The current owner bought the existing business in 2004 from the original owner who started the company in 2001. He has increased revenue by 300% in just three years. The company is one of the most highly respected in the non-medical home care industry.
Marketing and building a strong referral network are the owner's strengths. He also makes sure the employees know he is there for them when needed. The company uses many local advertising mediums to get the word out, but the strongest form of advertising is "word of mouth". There is also a radio, television, and internet campaign nationally that produces leads.
This business is SBA financeable, and the owner is willing to carry a note for a qualified individual or investment group. The owner would like to move on to invest and help grow a friend's new start up company, putting his marketing expertise and ground-up business development skills to work again. |