Best Life Brands, LLC
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Best Life Brands, LLC - overview
Established
1996
Location
Bloomfield Hills, MI, US
Primary Industry
Healthcare
About
Best Life Brands is a company specializing in the home care industry, providing franchise opportunities that focus on in-home care services, senior placement assistance, and estate sale services for a growing aging population. Founded in 1996, Best Life Brands operates within the home care sector, focusing on offering various franchises for in-home care and related services. The company is headquartered in Bloomfield Hills, US. Jj Sorrenti serves as the CEO.
In July 2017, Riverside Company acquired ComForCare Health Care Holdings, LLC, which operates under the Best Life Brands platform. Best Life Brands operates within the expansive USD 300 billion home care industry, offering a range of franchise opportunities through its portfolio of companies, which includes ComForCare, CarePatrol, Blue Moon Estate Sales, Boost Home Healthcare, and Next Day Access. These brands provide in-home care services, senior placement assistance, and estate sale services, catering to the needs of an aging population projected to reach 70 million individuals aged 65 and older by 2030. Their services enhance the quality of life for clients, ensuring necessary support in a familiar environment.
The franchise model empowers local entrepreneurs to serve clients across various regions in the United States, addressing the growing demand for senior care and related services. Best Life Brands generates revenue through its franchise model, where franchisees operate under established brand names with support in marketing and operational guidance. Revenue streams primarily come from franchise fees, ongoing royalties, and service fees associated with various healthcare and estate services offered by its brands. Transactions occur on a B2C basis, with clients directly engaging with franchise locations to secure services like in-home care, senior placement, and estate sales.
Each franchise sets its pricing structure, typically including upfront franchise investment costs and recurring royalties based on revenue. Best Life Brands equips franchisees with the necessary tools and resources to achieve financial independence while providing quality care and support to clients. Best Life Brands plans to expand its market presence by launching new franchises and enhancing existing operations. Utilizing the insights from the 2017 acquisition of ComForCare, the company aims to introduce innovative services tailored to the specific needs of seniors across additional geographical regions in the US.
The recent funding will support these initiatives, further strengthening the company's commitment to address the evolving needs of its client base as they expand into new markets.
Current Investors
The Riverside Company
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living
Website
www.bestlifebrands.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Best Life Brands, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Next Day Access, LLC | - | ||||||||
| Add-on | Completed | Blue Moon Estate Sales USA | - | ||||||||
| Add-on | Completed | CarePatrol Franchise Systems, LLC | - | ||||||||
| Buyout | Completed | Best Life Brands, LLC | - |
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