The company provides hospital home care, specialized care, daily home care, respite home care, advanced care, and hourly home care. The business has chosen to focus growth on senior care in private homes, assisted living communities, and independent living and assisted living facilities. Now more than ever, seniors are choosing to remain in their own homes as they age instead of moving into a retirement center or nursing home. Due to the dramatic increase in Baby Boomers retiring, a senior-in-home care agency promises to become one of the fastest-growing industries around.
This business is recognized as a community leader in delivering quality customer service and superior care, has an excellent reputation for serving clients, and is known for serving veterans. The business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities.
The area Bellevue operates in is an area that has approximately 21,000 adults over sixty. Seniors in Bellevue, WA (over 65) account for over 14% of the general population. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.
The service market contains several large healthcare networks (VA, various assisted living facilities, and a variety of hospitals such as Kaiser Permanente and Tacoma Hospital), which include large hospitals. There are also senior centers, assisted living communities, nursing homes, memory care facilities, skilled nursing facilities, community programs, and LTC insurance alliances. The location has established referral sources, and 50+ caregivers were hired and trained on payroll.
This business requires no prior home care/medical experience. Training, guidance, & transitional support will be provided by the seller. The seller is willing to negotiate transition & ongoing training, as well as a consultation after the sale.
The location competes with other national and local businesses and sole proprietors providing home care services. Seniors who are 65 years and older comprise the primary market for the Company, as well as a smaller portion of younger adults with some form of disability or illness requiring assistance with daily living. Approximately 5% of clients have long-term care insurance benefits, and the rest are private pay and VA.
The business has several differentiating characteristics:
Honesty and community service are priorities.
Diversity of revenue streams.
There is potential for Medicaid certification soon.
24/7 Access: The company has no answering service and answers inquiries about its service around the clock.
Marketing: The company has cultivated strong referral relationships.
Professional referral network: a B2B model that is value-based, not price-based.
Comprehensive Assessments: A more thorough assessment of clients’ needs than most competitors, offering comprehensive solutions based on deep community connections.
Flexibility when delivering service to clients.
The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever-increasing. The US senior population currently sits at approximately 50 million, and by 2030, it is expected to swell to 81 million (source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives. The owner is selling to retire but will assist during a transitional period. The caregivers are a mix of W2 and 1099, and all office staff are 1099. All are available to work with the new owner.
