Home Care Agency in Connecticut - 34897 Business Type: health/medical/dental practices,healthcare related services,misc. service/non-classifiable,other personal services,owner financing available,adult homecare assisted living
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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $2,100,000 | Down Payment | $1,600,000 |
Gross Revenues | $2,760,000 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $700,000 | Number of FT Employees | Register Free to View |
Financing
$1,600,000 Down and Balance over 3 years @ 6%
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. Census is 60 clients.
Now licensed to service all populations in all counties 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.
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 senior care experience.
This is required for the name and location of the agency and the owner’s permission to engage with the buyer/ No Private Equity and bank financing will be considered.
Gross revenue and net income numbers in the profile is projected based on the CURRENT monthly billing rate of $ 230,000 per month. The owner’s net profit margins are 25-30% and the net income representation is a projection based on actual current billing. With a Gross revenue of $ 2,740,000 and net income numbers of $700k.
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 healthcare bio/ background and Proof of funds to learn more.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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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.
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