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Business for Sale Summary

Home Care Service Agency in New York - 35905

Business Type: adult homecare assisted living,misc. service/non-classifiable,other personal services,healthcare related services
Home Care Service Agency in New York
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Financial Information (non-confidential)

General Information
Asking Price $4,500,000 Down Payment $4,500,000
Gross Revenues $8,543,681 Lease Remaining Register Free to View
Owner’s Cash Flow $728,559 Number of FT Employees Register Free to View

Financing

$4,500,000 Down and None.

Business Description

Licensed Home Care Service Agency (LHCSA) and CDPAP Agency. This company is licensed in the Bronx, Brooklyn, Queens, Manhattan, Staten Island and Westchester Counties. They have 5 contracts including, Centers Plan, Center Light, SWH, Empire, Hamaspik and Medicaid. 390 current cases as on Feb 2024. 95% of cases are CDPAP. This company provides private duty nursing by Registered Nurses (RNs) and LPNs. They primary specialize in elder specific diseases and conditions. All insurances including Medicaid. Cases are referred by social workers from several hospitals and medical facilities. Approx. 517 care givers. Billing done in house; 8 office staff including 3 billing and payroll and 5 for intake, HR, and case management. DOH audit in 2021. 2023 Gross Revenue was $8,543,681.00 with an Owner's Benefit of $728,559.00 This business has seen sharp and consistent growth with projected gross sales of $18,000,000.00 for 2024. January 2024 revenue was $1,579,227.46. There has been tremendous growth in this field as the need for these services continues to grow. This license presents value to those who understand the industry. There is an opportunity to expand nursing cases and expand services by providing unskilled aides, and specialized services by respiratory therapists (RTs), OTs and PTs, etc. Buyers must be existing LHCSA owners and open to consulting and management agreements to close on the agency. Buyers must provide significant proof of liquid funds (At least $4.5 million) and the name of their LHCSA or healthcare organization for the sellers approval of the release of the name and location of their Home Care Agency and a call or meeting with the owner. No financials will be provided until after a meeting with the owner or in due diligence. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.