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Business for Sale Summary

Home Care Agency for Sale in Connecticut - 35865

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,seller financing available,adult homecare assisted living
Owner Financing
Home Care Agency for Sale in Connecticut
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Financial Information (non-confidential)

General Information
Asking Price $975,000 Down Payment $750,000
Gross Revenues $933,080 Lease Remaining Register Free to View
Owner’s Cash Flow $260,099 Number of FT Employees Register Free to View


$750,000 Down and $225k over 3years @5%

Business Description

Long established (33 years) Companion/Homemaker agency. Currently serving Hartford County and surrounding areas but licensed to provide services in all of CT. Bills 804 hours per week for 40 clients and 36 aides. Payor sources at DSS Medicaid, CCCI, Private Pay, and long-term care insurance. Broad License has three different service levels and pay rates-- PCA's, Homemakers and Companions. Both owners work full time and are the only staff. Owners are willing to stay for extended training of up to 6 weeks, if needed. Very little marketing. Client service days range from 2 to 7 days a week. Uses fully integrated CT Sandata software. Owners purposely keep the business small and local, but the company has a great reputation, and you can open offices anywhere in CT. Uses a payroll service. Extremely low rent of $900 per month. Very high net margins of 28%. Proof of funds and a background in senior care or related healthcare is required for a call/meeting with the owners. Contact broker Joseph Stansky at 631-383-3109 for more details.

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