Canny homecare provider keeps growing ever more profitable in beautiful Cornwall.
Asking Price: £1.9 million
Franchisee Role: Some Hands-On, Team Leader
Annual Turnover: £3.3 million
Established: 2012
The Opportunity
A chance for a compassionate, people-focussed person to acquire an established care provider that’s consistently profitable, destined to keep growing for many years to come, and unlikely to ever run out of clients.
The hard work has already been done, allowing the new owner to expand the business steadily if they maintain the current owners’ policy of providing the best possible care to the most profitable segments of the market – ie, private live-in and long-term care for people with complex needs.
While other providers compete to sign up as many clients as possible, regardless of margins, the owners’ selectivity sets it apart and contributes to a 15% pre-tax profit on a turnover of £3.3 million – all achieved while putting the needs and hopes of clients before all other considerations.
And in a service sector renowned for high staff turnover and customer frustration, this provider’s compassionate approach has resulted in many staff staying with it for five years, some for 10 years, and not a single client ever being lost through dissatisfaction.
The current owners believe the franchise would suit someone deeply caring with an understanding of the health and care sector who’ll be hands-on at first then step back into an observing and monitoring role as the business continues to grow.
The Franchise
This is a household-name care provider with a network of hundreds of franchises – and this one is among the 10 most successful.
Built from a single business, it provides premium, personalised care to people with many types of needs up to and including end-of-life care, always abiding by the founder’s decree to provide the standard of care that they themselves or their relatives would expect.
By paying its staff more and treating them with respect, the business is rewarded with enviable staff retention in a sector beset by high staff turnover, and its focus on serving people with long-term complex needs gives clients continuity while staff have stability and the company enjoys predictable profitability.
Failing health and a need for earlier retirement are the only reasons why the owners are preparing to walk away from this highly lucrative, very human and commendably worthwhile business – creating a very rare opportunity to buy a thriving business, off the shelf, with tremendous potential for growth.
Summary
Offering the right care to the right people is making a 15% pre-tax profit each year for the current owners – and it could be doing that for you, too, if you share their from-the-heart approach and continue to concentrate support on private clients and long-term complex needs. After an initial hands-on period, you could step back, let the experienced leadership team run the business, and watch as your investment returns consistently, year after year.
Enquire now!
