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Business for Sale Summary

Home Care Business in Suffolk County, NY - 29615

Business Type: misc. retail/non-classifiable,adult homecare assisted living,day care center ,healthcare related services,passenger transportation / ambulette,professional services,special situations,new to market
 Home Care Business in Suffolk County, NY
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This business has received 199 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $2,500,000 Down Payment $2,500,000
Gross Revenues $4,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $550,000 Number of FT Employees Register Free to View

Financing

$2,500,000 Down and

Business Description

ATTENTION HOME CARE AGENCY BUYERS - NEW LICENSES FOR HOME CARE AGENCY BUSINESSES ARE NO LONGER AVAILABLE IN THE STATE OF NEW YORK - Not to worry because this business is breaking all the records in terms of year after year growth. The company created up to $400,000 in revenue it's first year of operation; in 2015 revenue growth increased 360% to approximately $1,000,000; in 2016 revenue growth increased again 150% to approximately $2,500,000; and this year is already on target to exceed 100% at $5,000,000 with no stopping in sight. ALL THE BUSINESS GENERATED IS REFERRAL BASE ONLY!!! The reason for selling is due to the demand is out weighing the supply and the company needs more direct investment to capitalize in its current projection of growth. It is currently positioned to take on an additional 70 to 80 in home customers without adding a PENNY TO OVERHEAD. THAT MEANS CLEAR GROSS PROFIT!! The books are clean and verifiable which is heavily regulated by the Department of Health. All revenue, income, and expenses are transparent and verifiable for a quick due diligence turnaround. The home office which is extremely beautiful and highly recommended to take over as head quarters due to the it being approximately 900 square feet and only $2000 per month in a strategically positioned area. It houses the few employees who manage the company's Human Resources, Accounting, Coordinators, and the two sellers. The other 400 plus employees are all W2 employees that are either Home Health Aides or Personal Care Aides. This company could easily open 30 cases per month, but only is opening 15 cases due to the shortage of HHAs and PCAs, even though the company is hiring 5 to 10 aides per week to handle current case load and turnover of personnel. Realistically, in addition to the two additional businesses that are being developed in conjunction with this Home Care Business a certified training school is complement this company. The two additional start-up businesses being developed for this company are not included in this business offering but the services may be considered as complementary to the purchase and sale of this company. In summary, no more licenses for Adult Home Care Services, Company is on a run rate of $5M this year, consistently doing over 100% growth rate year after year since inception, each patient acquired from its current number up to 175 is now at all gross profit to net income conversion. The overhead is already paid for at its current level of customer care, so any addition is already covered. That translates into approximately 80 times $9000 equals $720,000 in the new buyers pocket. T he seller will give all the time necessary for the new buyer to feel comfortable in operating this business, and may negotiate an agreement to stay on in a capacity that works well for all parties. THIS COMPANY IS IN HIGH DEMAND WITH CURRENT MARKET BUYERS.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.