Reputable domiciliary care agency, Established in the early 2000's
Income to year end 30.11.16 £150,021, with Adjusted Net Profits of £40,763 (27%)
Genuine growth potential
CQC rated good
This is an extremely well respected home care agency which has been trading successfully since the early 2000’s when it was established by the current owner. Within that time the business has become one of the regions preferred providers for private clients due to the overall quality and niche care packages for the elderly.
Since being established the business has shown growth and now has an extremely good reputation within the area for the level of care provided and for the quality of the staff, many of whom have been with the company for several years.
The business operates from an office within Essex, where the owner is based and only covers a small area through choice, a radius of only c. 5 miles and provides a minimum ½ hour call to all clients.
The business is trading with all private clients which is currently producing an income in the region of £160,000 although in our opinion could expand further afield given the central location and road networks close to the main office.
The areas covered are done so through choice in order to keep the level of care to a high standard and to also keep staffing costs to a level which makes the business profitable.
The business currently offers morning, afternoon and evening care for the elderly. However in our opinion a new owner would have potential for expansion by offering respite care, overnight care and double handed care packages in order to generate additional income and profit.
We have been advised by our client that they are a spot provider for Social Services but currently do not do any care packages for them despite repeated requests to do so.
However, due to our clients wish to retire from the care sector this request has been declined, but would be of benefit for any new owner in order to grow the business further.