Amazing Senior Demographics Within Service Territory
Twelve-year-old home care agency for sale in north San Diego County, CA. The business is solid, profitable, and turn-key for the next owner, with unlimited growth potential in a high demand service business. The service provided to the community is much needed, and personally very rewarding and worthy work. One can and does make a difference every day in other people’s lives.
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.
The Company holds a Home Care Organization License through the State of California Department of Social Services. The business office is fully staffed with a Staffing Coordinator and Care Coordinator/HR Administrator. 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 a specialty in serving people with complex care issues, such as co-morbidities, dementia, Parkinson’s and other debilitating conditions. The beginning was challenging but through the years, the business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities.
The area the Company operates in has approximately 636,000 adults over 60. Seniors in CA (over 65) account for over 20% 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 includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care, skilled nursing facilities, as well as Community programs and LTC insurance alliances. The location has established referral sources and 35+ hired and trained Caregivers on payroll. This business requires no prior home care/medical experience. Training, guidance & transitional support will be provided by the seller.
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 10% of clients have Long Term Care Insurance Benefits, and the rest are Private Pay.
The Business has several differentiating characteristics:
• Potential for Multiple revenue streams (VA, PACE, Community Programs, Alliances with local Estate Planning Network organizations, and the S. CA branch of the Professional Fiduciary Association of CA)
• Some of the best zip codes in Southern CA
• 24/7 Access: The Company has no answering service and answers inquiries to its service around the clock.
• Marketing: The Company has cultivated strong referral relationships.
• Virtual Structure: The company utilizes remote resources that provide flexibility.
• Professional Referral network – B2B model that is value based nor price based
• Comprehensive Assessments: A more thorough assessment of clients’ needs than most competitors, offering comprehensive solutions based on deep community connections.
• Technology-based Operations Management: Tools that inject efficiency in the operations.
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 seller is selling for retirement reasons but will assist during a transitional period. The caregivers and office staff, all of which are W2 employees, are available to work with the new owner.
