Home Care Agency – Sold
Price: $750,000
Annual Revenue: $2,000,000
Net Cash Flow: $250,000
Industry: Health Care, Home Care
Location: New London County, Connecticut
This home care agency focuses on NON-MEDICAL in home care. The present owner has chosen to operate in a specific area and is the industry leader in their market. At present the majority of their work is Medicaid. The present owner has focused the business on primarily Medicaid daily care and (has a limited number of private pay clients). The agency staff is well trained and very efficient. Owner has prepared to operate the business in preparation for the sale, and employs approximately 140+ care givers in the field. They serve [over] 225 clients at any given time. Current staff will remain post sale. Seller will offer training to facilitate smooth transition.
Location
Facilities Information:
Business currently operates out of a commercial office space of approximately 900 sqft.
Summary
Potential Growth:
The new owner could easily expand the business by adding 24/7 care; advertising and pursuing (additional) private care business. Also expanding geography served.
Financing/Terms:
SBA pre-approved