This franchise business has actually been providing house care services in the Greater Toronto Area for over 5 years. The business has actually a loyal customer base stemming from the franchise’s trustworthy reputation of excellent quality and diverse service offerings. It has actually a large territory in the GTA and maintains harmonious relationships along with neighbouring franchises. Services offered include personal care, companionship, light housekeeping, medication reminders, meal preparation, Alzheimer’s and Dementia care, private nursing care among others. Brand-new business is acquired through word of mouth referrals and through the company website. The business caters to seniors in homes, hospitals, retirement homes and long term care homes as well as other adults along with disabilities or recovering from surgery and accidents.
It is a recession resistant business as senior care giving services are a necessity at all times. Demand for these services will continue to remain strong for the years to come as the senior population is expected to double over the next 20 years due to increases in life expectancy and as the Baby Boomers retire. Changes to government regulations could provide Brand-new bidding opportunities for services as the business is a prequalified supplier for the Community Care Access Centre.
The owner of this particular franchise is responsible for business development, sales and client care. Front line care staff and administrative functions are handled through a back office service arrangement freeing up the owner to focus on business development and client care. Upon purchase of the business, the franchisor will supply Brand-new owners along with comprehensive training in all aspects of management and operations and assistance along with business planning and sales training. Individuals along with experience in sales, the health care industry and those who enjoy serving the senior community might be interested in this acquisition opportunity.
Asking price: $149,000
Asking Price Range: < $250K
Gross Revenues: $427,500
Cash Flow: $47,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
Year Established: 2010
Number of Employees: 1 – 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Management Training and Support: Will be provided by the Seller as required.