Financing

$900,000 Down and balance 4 years @ 7%

Business Description

This home care agency is an independently owned Connecticut companion and homemaker agency established nearly two years ago. The agency serves New Haven County and surrounding areas and is licensed to operate statewide. It currently provides approximately 1,200–1,300 service hours per week to 43 clients, including two live-in cases and one AFL case, supported by 100 W-2 aides. Clients receive services two to seven days per week, and operations are managed through Connecticut’s fully integrated Sandata system.

Services, Licensing, and Payer Sources

• Licensed service levels: Personal care assistants, homemakers, and companions, each with a distinct reimbursement rate.
• Provider relationships: The agency has a provider agreement with Connecticut DSS and participates in the Connecticut Home Care Program for Elders and the Patient Care Attendant Waiver.
• Current payer sources: DSS Medicaid and private pay, with additional potential among clients covered by long-term care insurance.
• Medicaid eligibility: Based on the owners’ extensive industry experience, Connecticut granted the agency an exception allowing it to serve Medicaid clients without the standard one- to two-year waiting period.

Financial and Operating Highlights

• Revenue: Gross sales increased from approximately $233,000 in 2025 to a current run rate of about $100,000 per month, or $1.2 million annually.
• Growth: Census and billed hours increased by 450%, and the business continues to grow each month despite an owner being on-site only one day per week.
• Gross "box-sizing: border-box;"> Approximately 33%.
• Occupancy cost: Monthly rent is $1,025.
• PCA economics: The reimbursement rate is $25.52 per hour, compared with an hourly pay rate of $16.94.
• Service mix: 90% personal care assistants, 5% companions, and 5% homemakers.
• Staffing: Full time coordinator and HR with owner on site 1 day a week for admin,  marketing and bi weekly billing and payroll.
• The business profile projects a full year of revenue and expenses based on the current run rate.

Growth Opportunities

The agency currently focuses on lower-income, Medicaid-eligible clients in New Haven County. Significant opportunities remain to expand statewide, particularly in more affluent Connecticut markets and among long-term care insurance and private-pay clients.

• Add PCA clients across Connecticut.
• Pursue licensing for skilled services, physical therapy, early intervention services, and related offerings.
• Build on established partnerships with senior living communities, access agencies, housing authorities, and other senior-service organizations throughout the state.

Reason for Sale

The owners reside in New York with a very long commute and want to transition the business to an owner operator with a more consistent local presence in Connecticut. The agency is well established, supported by an experienced staffing team, and positioned for continued growth under new active ownership.

Buyer Qualifications and Transaction Terms

Prospective buyers must provide proof of funds and demonstrate relevant experience in senior care or healthcare before the seller’s consent to release the agency name and location and before scheduling a call or meeting with the owners. The sellers are seeking an active owner-operator and will offer generous seller financing. SBA financing is not available.

For more information, contact broker Joseph Stansky at 631-383-3109.

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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.