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Home Care & Assisted Living Center In Cleveland For Sale

Cleveland, Ohio, US
Asking Price:
$2,775,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,825,000
Cash Flow:
$366,000

This is an incredible opportunity to own two successful businesses and a fantastic piece of Real Estate. The Home Health Care business is valued at $375k and the Assisted Living Facility is valued at $2.4MM There is a current commercial appraisal available to support the asking price.

Senior Care is a Growth Industry. Both entities are licensed by the Ohio Department of Health (ODH), which does not come easy and requires tight controls over the execution of policy and procedure. If you needed to create this infrastructure from scratch, it would be a timely and daunting task that would require a unique knowledge of the industry.

This assisted living facility is the Bed & Breakfast of Assisted Living Communities. The smaller community affords an extremely personalized level of Assisted Living that won’t be found anywhere else in the industry. From suites uniquely designed for the safety and security of seniors to Farm-to-Table meals prepared by talented chefs, you will be the owner of a truly special facility. You will benefit from competent, high performing office staff with established policies and procedures, as well as employee development and retention programs. The facility includes six private offices and two cubicle spaces in addition to the training and kitchen amenities.

The home health care franchise covers Cuyahoga County, Lake, Portage and Geauga. This is THE franchise designed for leaders, dreamers, and overachievers who are on a mission to help people in their communities and build a brighter future for themselves. This home care franchise is unlike others because they take a different approach than the competitors. They are driven by their unique values, by their mission, and by a Culture of Care. They believe that everyone has the ability to empower others to live their best lives, and that energy is harnessed and channeled into the home care services provided. Backed by extensive experience in both home care and franchising, this franchise has the people, processes, and systems you need for your business and success.

Property Information

Real Estate:

Lease

Premises Details:

The 11,000 sq foot Assisted Living Center includes a full commercial kitchen with premium commercial appliances, and fixtures, which is also licensed by ODH and certified by the county health department. The offices are located on the premises of the ALF allowing for easy access to residents along with direct staff supervision, which helps facilitate a culture of excellence through close family and employee engagement. The ALF has radiant floor heat, which improves comfort in the winter months and reduces heating costs substantially; it costs about 30% less to heat this facility than traditional methods would.

The Home Care Entity leases a 1000 SQFT office space at a rate of $750/Month from the ALF business. The office area and amenities are new and come complete with an enterprise phone system, fiber data trunkline, firewall, office furniture, training space for up to eight at a time, and a small kitchen for your convenience. This is located on a major state route with high visibility and easy access for interviews and training.

Size in square feet:
11,000

Business Operation

Expansion Potential:

There has been a steady annual growth of 20% revenue since this business started. There's no shortage of business opportunity
available and staff is established and properly trained. The home care industry has expanded its offering to include some limited, private duty "skilled nursing care", which can be billed at premium rates.

Competition / Market:

Other local home care franchises such as Home Instead, Cherished Companions, and Visiting Angels are competitors but this franchise has been named a 2024 Best of Home Care® Endorsed National Provider by Home Care Pulse.

Reasons for selling:

Retirement

Employees:
60
Years established:
13

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The sellers are willing to work with the new owner to ensure you are set up for success.
And as a franchise owner you will be supported every step of the way. This includes attending a robust training program, weekly support, and guidance from Launch Specialists for the first 9 months of business.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price