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Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

 

 


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Listing Information
 
Non-Medical Home Care
Listing ID: SB518 Location: Santa Clara County  
Broker: Joan Young Ph:(408) 436-1900
Brief:  This highly respected non-medical home care for seniors has huge growth potential and an experienced staff in a growing industry.
Listed Price: Negotiable
Total Sales: $2,874,496
Seller's Discretionary Earnings: $593,351
Fixtures Furniture, & Equipment: Included
Real Estate: N/A
Inventory: N/A
Financing / Terms: Seller may carry a note for for a qualified buyer.
   
Business Information
Year Established: 2001
Number of Employees: 4 full-time + 1 working owner
Days and Hours of Operation: Monday-Friday 8a.m.-5p.m.
Relocatable: No
 
Facilities / Location: 680 sq. ft. office space
   
Lease Information
Lease Expiration Date: March 2010
Option: Negotiable
Monthly Rent: $1,049 per month
   
Additional Information
Reason for Selling: Moving on to other endeavors
Business Description:

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.

Sunbelt of the Greater Bay Area
2001 Gateway Place, Suite 230E San Jose, CA 95110 Phone (408) 436-1900 Fax (408) 436-1996
6700 Koll Center Parkway, Suite 130 Pleasanton, CA 94566 Phone: (925) 600-0414 Fax: (925) 369-7270

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