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Listed by:

Transworld Business Advisors Richmond

Thriving In-home Care Business In Maryland For Sale

Salisbury, Maryland, US
Asking Price:
$175,000
Sales Revenue:
$121,027
Cash Flow:
$106,282

1. Business Overview:
This at-home care company, located in Salisbury, is a leading provider of affordable in-home care services. The mission is to offer a cost-effective alternative to traditional assisted living facilities and nursing homes, allowing clients to maintain autonomy and independence in the comfort of their homes.

2. Financial Overview:
Seller’s Discretionary Earnings (SDE): $106,000.00
Total Sales Price: $179,000
Down Payment: $80,000.00
Seller Note: $99,000.00

3. Services Offered:
In-home care services, include personal care, light housekeeping, medication reminders, meal preparation, and cleaning services.

4. Competitive Advantage:
Affordable alternative to assisted living and nursing homes.
Focus on maintaining clients' autonomy and independence.
Professional caregivers selected for their expertise and commitment to client well-being.
Referral services available for clients residing in facilities.
Robust caregiver vetting process to ensure high-quality service.
Efficient operations to streamline caregiver-client pairing.
Continuous staff training and development.

5. Growth Opportunities:
Expansion of services to new geographic areas.
Diversification of service offerings to meet evolving client needs.
Collaborations with healthcare providers and facilities for extended reach.

6. Risks and Mitigation:
Market competition and regulatory changes: Stay abreast of industry trends and regulations to adapt strategies accordingly.
Dependence on caregiver quality: Implement rigorous screening processes and continuous training to maintain service excellence.

This in home care company offers a unique opportunity to invest in a business dedicated to providing affordable in-home care services. With a solid financial foundation and a focus on client independence, this business is poised for continued success in a growing market.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $350.00

Square Units (Foot, Meter): 340

Business Operation

Expansion Potential:

Aging Population: As the global population ages, there is an increasing demand for home care services. Older adults often prefer to age in place, and home care allows them to receive assistance while maintaining independence in their own homes.

Preferential Shift to Home-Based Care: Many individuals and families prefer home care over institutionalized care settings like nursing homes or assisted living facilities. Home care offers a more personalized and comfortable alternative.

Advancements in Technology: Technological advancements, such as telehealth and remote monitoring, are enhancing the capabilities of home care services. This can lead to improved healthcare outcomes and increased acceptance of home-based care.

Cost-Efficiency: Home care is often more cost-effective than institutional care. As healthcare systems globally face financial pressures, there is a growing emphasis on finding affordable care solutions, and home care fits this requirement.

Changing Healthcare Policies: Evolving healthcare policies, especially those supporting aging in place and community-based care, contribute to the growth of the home care industry. Governments recognize the benefits of home care in terms of both cost savings and improved quality of life for individuals.

Increased Consumer Awareness: With a greater awareness of available healthcare options, consumers are actively seeking personalized and convenient solutions. Home care services align with these preferences, driving demand in the industry.

Pandemic Impact: The COVID-19 pandemic has accelerated the adoption of home-based care. The focus on minimizing exposure to communal living environments has increased the appeal of home care services as a safer alternative.

Collaboration with Healthcare Providers: Collaborations between home care agencies and healthcare providers contribute to the industry's growth. Integrated care models that combine hospital care, rehabilitation, and home care are becoming more common.

Overall, the home care industry is positioned for substantial growth as it addresses the changing needs and preferences of the aging population and responds to advancements in healthcare delivery. However, market dynamics can vary based on regional demographics, healthcare policies, and cultural factors.

Reasons for selling:

retirement

Trading hours:

24/7

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

4 weeks