With the senior population steadily growing worldwide, the demand for quality home care services is rising. If you’re considering purchasing a home care business for sale, it’s important to ask the right questions to ensure you’re making the best decision. Learn more about what to ask business owners while striking a deal.

What to Ask When Buying an Elderly Care Business

Before purchasing a home care business for sale, you must meet with the owner to better understand the business. Do not be afraid to ask as many questions as you need to ensure you’re making a strong investment. Some of the top questions to ask include:

  1. Is there room for growth in the market? Research shows that the global elderly care market will see a compound annual growth rate (CAGR) of 6.8% from now until 2030. At the end of the forecast period, the industry is projected to be worth an impressive $2,882.66 billion. This growth is only going to bring more opportunities for compassionate entrepreneurs to build thriving businesses.
  2. What is included in the sale? Get clarity from the business owner about what assets are included in the sale. Client lists, equipment, technology systems, intellectual property, and trained staff are all important to the success of the business. Be sure to understand exactly what it is you’re buying.
  3. Why are you selling the business? You need to know why the current owner is selling their elderly care business. Make sure there aren’t underlying issues that may affect the operation of the business in the future.
  4. How will the transition work? Confirm if the current owner will provide assistance during the transition. This may include introducing you to clients, helping with staffing, or offering guidance on managing the business.
  5. Should I buy a home care franchise or an independent business? Starting your own (or purchasing an existing) home care business may seem appealing, but it can be overwhelming. Navigating legal requirements, training staff, and executing marketing strategies can be tricky. Partnering with an established home care franchise gives you a proven business model and ongoing support, making it easier to hit the ground running.
  6. What makes CareBuilders at Home stand out in the home care industry? CareBuilders at Home offers unparalleled support and years of industry experience. Our back-office assistance, which includes payroll, billing, and collections, significantly reduces your operating costs. As a family-owned brand, we treat all our franchisees like family. We take care of you the way we expect you to take care of clients.

Get Started with CareBuilders at Home

When researching various senior care business for sale, you’ll likely come across CareBuilders at Home. As one of the most trusted providers of non-medical home care, we’re proud to offer high-quality, reliable personal and companion care services. Dedicated to helping seniors, those with disabilities, veterans, new mothers, and individuals recovering from surgery or injury, our business model is built to help anyone who needs it. This gives our franchisees the opportunity to build a thriving business, while making a positive impact on their communities.

We offer an affordable franchise investment. Our startup costs range from $115,200 to $168,800, including our franchise fee of $49,500. Franchise candidates are required to have a net worth of $250,000 and at least $150,000 in liquid assets to qualify for our brand.

If you’re interested in learning more about our franchise opportunities, request information today. After we’ve received your inquiry, one of our team members will contact you.