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Profitable Senior Homecare Services Company In Vancouver For Sale

Vancouver, British Columbia, Canada
Asking Price:
$1,199,000 (CAD)
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

Established in 2004, this company is a Canadian-owned (non-franchise), firmly established provider of comprehensive home care services tailored to meet the diverse needs of seniors across the greater Vancouver area. Despite facing challenges due to COVID-19, the company has not only recovered fully but is thriving, projecting revenues exceeding $2.4 million and nearly $350k in EBITDA in its current fiscal year.

The company’s success is underpinned by its dedication to exceptional service and quality of care, a positive work environment and culture, strategic partnerships, and positive industry trends. The compounding result has been exceptional organic growth, strong client loyalty, a considerable amount of referrals of new business, a robust network of engaged staff with low turnover, and an overall excellent reputation within the community. In 2023, the company was named one of the top service providers for its geographic area, which was the latest of many such acknowledgements received over the years.

Thanks to its reputation within the community, the company is primed to further capitalize on industry growth trends, particularly the aging population and increased spending on home care services. Additionally, there are numerous significant growth opportunities present that, coupled with its reputation and experience, provide a platform for continued growth and success.

With a rock-solid track record of quality care spanning two decades, long-tenured employees, and a robust network of certified healthcare assistants, the company has become a trusted name in its community. Coupled with industry trends and growth opportunities present, the company is well-positioned to continue its success and growth in the thriving homecare industry.

Property Information

Real Estate:

Lease

Lease Terms:

Owner willing to establish new fair-market lease with purchaser

Location:

The company operates out of a leased space of 1089 square feet. In excellent condition and located in a prime, central location for client access, and convenient access to transit for employees , the office provides an excellent environment for productivity and collaboration, including individual offices for each team member, a spacious boardroom, and an open area for general interactions. Additionally, there's flexibility to further expand capacity by adding one more office, more desks if required, and utilizing a currently-unoccupied front desk area. The property is owned by a related party, a hold-co owned by the owner of XYZ Homecare. The owner is willing to establish a long-term lease at market rates.

Size in square feet:
1089 sq ft

Business Operation

Expansion Potential:

Extra space available

Reasons for selling:

After two decades of ownership and a few mentally-exhausting years of covid, now that the business has returned to its pre-Covid state, the owner would like to retire and enjoy the fruits of his labour.

Trading hours:

Office staff work regular, full-time hours, Monday to Friday however,
the company operates 24/7. After regular office hours the company contracts with two people who alternate weeks on and off. The “on-call” coordinators provide
health care assistant scheduling, urgent and emergent assistance and respond to new service requests.

Employees:
65+
Years established:
20 years

Other Information

Support & training:

The owner is open to reasonable transition terms to ensure successful transition of operations and relationships.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The owner is open to reasonable seller financing

Furniture / Fixtures value:
$14,000 (CAD)
Related Documents: