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Business for Sale Summary

Home Care Agency in Connecticut - 34897

Business Type: health/medical/dental practices,healthcare related services,other personal services,adult homecare assisted living
Home Care Agency in Connecticut
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Financial Information (non-confidential)

General Information
Asking Price $1,900,000 Down Payment $1,900,000
Gross Revenues $1,939,759 Lease Remaining Register Free to View
Owner’s Cash Flow $622,000 Number of FT Employees Register Free to View

Financing

$1,900,000 Down and terms tbd

Business Description

This unique niche home care agency is rapidly growing at a compounded rate of 8% per month. This business services a niche disabled population for which DOH and DDS pay a higher hourly rate. Non-medical care. Now licensed to service all populations in all counites of Ct. Initial assessment by the Director of Nursing to determine level of care. Located in a brand new 11,000 sq ft facility cost $300,000 to buildout 3 years ago. Opportunity to offer home care services throughout the entire state and to also offer AFL (Adult Family Caregiving) services. It's difficult to obtain a home care license that covers the entire state of Connecticut. Long lease. Fully integrated software is provided by the state Sundata-Ct and CTD SMAB. Gross revenue and net income in the profile is projected based on year-to-date numbers and the August billing continued for the Sept-December period. At a 8% monthly growth rate, the actual full year billings will be much higher. Owner net profit margins are 25-30% and the net income representation is a projection based on actual current billing. The state of CT is providing grants to cover certain expenses because the agency is the one of the few agencies providing service to these niche clients. Owners seek a buyer that can provide proof of funds of at least $1m and, more importantly, has relevant care experience. This is required for the name and location of the agency followed by a call or meeting with the owners. No bank financing. The Home Care Agency (Listing # 34897) shares the facility with a Social Adult Day Care (Listing # 34896) that services the same niche population. Listing # 34896 (SADC) is offered for sale together with this Home Care Agency. Contact broker Joseph Stansky at 631-383-3109 with your background and Proof of funds.

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