Asking Price: $500,000Top Home Care Franchise in Olympia WA
Olympia, WA
Thurston County
The Company was started in 2016 and is celebrating its 7 Anniversary in business! The current owner is the original owner. 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.This Franchisor system now has over 400 Agencies Nationally, and 4 in the State of WA.The Company holds a WA State Dept of Health Licensure for both personal and home health care and is Accredited by The Joint Commission, all in good standing, as well as a CLIA Certificate of Waiver.The Business also obtained a Veterans Administration contract with the US Federal Government to provide Homemaker / In-Home Respite Care to Veterans.The Company has received numerous awards and recognition of success; including Million Dollar Club, Home Care Pulse Leader in Excellence Award; Provider of Choice, and Employer of Choice Awards (2024).This Business offers In-Home Care (Private Duty, Companion/Personal Care), Skilled Nursing Home Health, and has the potential to obtain a Medical Staffing license. Companion services include meal preparation, light housekeeping, shopping, errands, and transportation. Personal care services include medication reminders, bathing, dressing, Alzheimer's care, transfers, and toileting. Home Health services include Private Duty Skilled Nursing care, (Physical and Occupational Therapy can be pursued) and national accounts Infusion nursing.Approximately 83% of the current revenue is generated from private pay In-Home Care, including LTC. The rest (17%) would be skilled, national accounts and VA care. The payor mix is Private Duty, VA, and skilled, and long-term care.Medical Staffing services can be an upside potential and can be highly profitable if a license is pursued by the new owner.The Business office is fully staffed with a DON (Director of Patient Care Services), an Office Administration Manager, a Customer Care and Staffing Coordinator /Community Liaison / Sales.This Business is recognized as a community leader in delivering quality customer service and superior care and has an excellent reputation for serving clients. Through the years, the business has developed solid referral relationships with professionals within the health care industry and surrounding senior communities.The franchise territory has approximately 56,282 seniors (over 65), which is larger than a typical franchise territory office coverage, based on an average-sized home care franchise which typically only has 30,000 – 40,000 seniors. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S. The franchise territory has approximately 56,282 seniors (over 65), which is larger than a typical franchise territory office coverage, based on an average-sized home care franchise which typically only has 30,000 – 40,000 seniors. In addition, this business provides services to one of the most demographically attractive senior care markets in the U.S.Demographics of Thurston County, Washington. As of the 2020 Census: key statistics: Population, Seniors over 65 yrs. old: 18.9%, Veterans: 28,374, Civilian Labor Force: 59.5 % (excellent retirement benefits), Median Household Income: $81,501The service market includes two main hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. The location has established National referral sources, a database of over 50 local referral sources, and 40 hired and trained Caregivers and 5 Nurses on payroll. This business requires no prior home care/medical experience. Training, guidance & ongoing support will be provided by the Franchisor & the seller is willing to negotiate transition & ongoing training, as well as a consultant role after the sale.The location competes with other national and local businesses and sole proprietors providing home care services. Disabled adults and 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. Greta opportunity for the new owner to get into pediatric care.The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning sixty-five every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately fifty million and by 2030, it is expected to swell to eighty-one million (Source: US Census Bureau). An estimated 70 percent of people over sixty-five will require home-care services at some point in their lives.
Asking Price: $199,000
