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#Business ID: 17636

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High Growth Non-medical In-Home Senior Care Firm – Greenville, SC

Business Location: Greenville / SC, United States

Asking Price: BUSINESS SOLD Revenue: $ 839,000 Cash Flow: $ 135,000

[Furniture / Fixtures included]

Business Summary

This In-Home Senior Care firm is located in the attractive Greenville-Spartanburg-Anderson Combined Statistical Area (CSA) in the northwest corner of South Carolina. Its clients are primarily affluent “self-pay” seniors that need assistance with activities of daily living including but not limited to personal care, meal preparation, and companionship. Its strong brand name and loyal referral source network support a growing revenue base of more than $800,000 and Owner Cash Flow of approximately $135,000.

The Company provides approximately 1000 hours of service per week to 25 clients in their residences and hospitals. They enjoy an excellent reputation among referral sources such as skilled care providers, hospitals, senior centers and support groups for families with elderly parents.

The Company is exceptionally well-positioned for future growth as the elderly population increases. Nationally, 10,000 seniors per day turn age 65, a trend that will continue for the next 18 years.

Property Details

Years Established:

2006

FF&E:

$ 5,000

Other Business Details

Business Location:

Convenient location in Greenville, SC.

Premise Details:

The business includes 3 offices in an Executive Suite which provides a receptionist, internet, telephone, copying and other business services. The combined rent and service charge is $2,000 per month.

Competition:

The company rapidly achieved its market leadership position by leveraging its excellent reputation for providing “best in class” care by W-2 caregiver employees while building an extensive and loyal network of referral sources.

Expansion Potential:

As the oldest of the 80 million US baby Boomers approach age 70, demand for in-home senior care services is expected to explode. Industry insiders refer to this growing client pool as “The Silver Tsunami”.

Business Operation Details

Employees:

37

Trading Hours:

Care hours are based on client needs.

Support & Training:

Current ownership is committed to assisting with a thorough transition plan.

Miscellaneous Details

Financing Available:

Yes
Owner will consider financing up to 50% of the Buyer equity contribution.

Reason For Selling:

The owner wishes to retire.

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