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Business for Sale Summary

HomeCare & CDPAP Agency for sale in NY - 35289

Business Type: healthcare related services,misc. service/non-classifiable,other personal services,seller financing available,adult homecare assisted living
Owner Financing
HomeCare & CDPAP Agency for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $2,800,000 Down Payment $2,200,000
Gross Revenues $2,492,813 Lease Remaining Register Free to View
Owner’s Cash Flow $636,966 Number of FT Employees Register Free to View

Financing

$2,200,000 Down and $600k over 3 years @ 5%

Business Description

Long established (9 years) New York Home Care and CDPAP Agency. Coveted, almost impossible to get Home Care and CDPAP licenses. 40 cases and 60 Personal Care Aides (PCAs). Licensed for skilled (RN/LPN) and unskilled (PCAs) care. Four (4) CDPAP cases. Currently focused on unskilled care. Licensed for Nassau, Suffolk and New York City. Agency maintains a small NYC office and one patient in Queens to keep NYC licenses active. Opportunity to expand agency and CDPAP in the 5 boroughs of NY City. Contracts with NYS Medicaid, Veterans Admin, Suffolk Office of Aging, Suffolk Dept. Health Services, VNSNY and 4 other payers. Bills over 2000 per week. CDPAP billing is 150 hours per week. Fully integrated software with all payers. 3 office staff include owner and 2 RNs to open and assess cases. No long-term insurance currently but accepts LT Care and private pay. Owner is looking for a qualified buyer that is a NY based homecare agency or similar health care organization. No Private equity. Proof of funds of $2m and healthcare bio is required for the owner’s approval to disclose their name and location for a call or meeting. No financials will be provided prior to a call or meeting with the owner. Contact broker Joseph Stansky for more information.

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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.