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Business for Sale

Home Care Agency for Sale in Connecticut
Hartford County, CT

Listing #35865

   
Financial Information (non-confidential)
Asking Price $975,000.00 Gross Revenues $933,080.00
Down Payment $750,000.00 Owner’s Cash Flow $260,099.00

Financing: $750,000.00 Down and $225k over 3years @5%

Reason for Selling:Retirement

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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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.
Joseph Stansky Esq
Senior Business Broker
631-383-3109
jstansky@vestedbb.com
Servicing Area:
Nassau County, NY
All of NJ
All of CT
All of PA
All of MD
All of NC
All of SC
All of MA
Joseph Stansky Esq

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