Adult Foster Care Services Business – Sold
Price: $4,200,000
Annual Revenue: $6,000,000
Net Cash Flow: $850,000
Industry: Health Care
Location: Norfolk County, Massachusetts
The company has been sold. Please view our senior care businesses for sale. If you are interested in selling an Adult Foster Care business in Massachusetts or anywhere in the US, please contact us. We have prospective buyers interested in purchasing additional AFC companies.
This medical staffing services business has grown rapidly by providing exceptional care to clients in eastern Massachusetts for over ten years. They are licensed for Adult Foster Care (AFC), Group Adult Foster Care (GAFC), and have the Money Follows the Person (MFP) Waiver. The majority of their revenue comes from AFC, which are typically long-term care engagements. AFC has seen tremendous growth during Covid. They serve about 250 clients through their network of independent contractors and have an additional staff of 20, including 5 office staff. New case referrals come through nursing homes, hospitals, and word of mouth. Tremendous growth opportunities exist within each service offering.
Listing Details
Reason For Sale:
The seller wants to move towards retirement.
Training & Support:
The seller is willing to stay on to ensure a successful transition.
Operation
Employees: 20
Location
Square Footage: 2500
Facilities Information:
They are in a 2,500 sq ft leased space that includes offices, storage and 2 bathrooms.
Summary
Competition:
In the ten years since opening, they have grown steadily by providing exceptional care and earning the ongoing trust of their clients. They are well positioned within their market.
Potential Growth:
Terrific growth opportunities exist for AFC, GAFC, and MFP. Please inquire for further details.