This is a unique opportunity to invest in a growing industry and acquire 2 prime adjacent franchise territories with substantial upside growth potential! This business offers turn-key corporate operational support – allowing the potential buyer to focus their time on sales and business growth. The franchisor was recently accredited which expands the buyer’s ability to attract new business and bid on contracts that would otherwise be unavailable.
This award-winning, trusted nationwide homecare franchise focuses on enabling their clientele to live independently and comfortably. Services include personal care, light housekeeping, meal preparation, incidental transportation, medication reminders, companionship and private nursing care,. It caters to seniors in their homes, hospital patients, retirement homes and long term care home residents as well as other adults with disabilities and those recovering from surgery or accidents.
The current franchisee purchased 2 prime adjacent GTA territories with future growth in mind. A new owner will step into a business with a strong base of existing sales and loyal clientele that has been built over the past 5 years. With the aging baby boomer generation, increased life expectancy and a substantial number of hospitals, long term care facilities and retirement homes, these territories are poised for significant growth. The base population in these two territories is just shy of 1 million, with the senior population expected to grow by 65% between 2011 and 2021 and 148% between 2011 and 2031. The life expectancy in this area is higher than both the provincial and national average. There are two major existing hospitals (with another planned to open in the next 3 years), 20 long term care homes and 25 retirement homes located within the territory boundaries for this franchise.
In addition to the prime location, this franchisee has structured the business to allow the owner to focus on business development and client care – making it turn-key for a buyer who can immediately focus on business development and growth. Corporate operations support handles in-take calls, scheduling, on-call function, human resources, payroll and accounts receivables/payables. Upon purchase, the franchisor will supply new owners with comprehensive training, assistance with business planning and sales training.
Sales for the franchise peaked in FYE 2014 at $540,000, however, have substantially decreased in FYE 2015 due to personal franchisee matters combined with a loss of a significant hospital contract, thus making this a perfect timing at acquiring this established business at a slight premium over the price of purchasing brand new franchise territories.
Asking price: $149,000
Seller’s discretionary earnings: $47,000
Asking Price $149,000
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