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Business for Sale Summary

Senior Home Care Business in South Carolina - 33994

Business Type: adult homecare assisted living,misc. service/non-classifiable,other personal services,owner financing available,healthcare related services
Owner Financing
Senior Home Care Business in South Carolina
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Financial Information (non-confidential)

General Information
Asking Price $1,625,000 Down Payment $1,000,000
Gross Revenues $1,790,581 Lease Remaining Register Free to View
Owner’s Cash Flow $406,871 Number of FT Employees Register Free to View

Financing

$1,000,000 Down and $625k over 5 yrs. with terms tbd

Business Description

This successful and growing senior home and health care business is centrally located in Spartanburg County, South Carolina. They can suit all home care needs from home companions to live in home care, post-surgery care to palliative support. The business actually consists of two contiguous franchise territories. There is a tremendous opportunity for expansion here. The business has large referral partners, including government agencies. Recently approved by South Carolina DHHS as a Medicaid provider. Sales have grown considerably from $1.3 million in 2021 to over $1.7 million for year-end 2022, with an owner's cash flow of over $400,000.00 The business offers very competitive rates, plus has several contracts with government entities with services at higher rates than private pay. Accepts all LTC insurance. Full time admin staff is in place which provides the possibility of absentee ownership. Will provide training. We are seeking a serious and financially qualified buyer. This Business is SBA Pre-qualified for the right buyer. The ideal buyer would have experience in the industry. Proof of funds will be requested before any buyer seller calls or meetings. All meetings must be made by appointment only! To learn more, please contact the broker Gary Meyn at 210-912-0120.

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