(SOLD) Home Care Agency Mid-Michigan
| Asking Price: | $1,350,000 | Inventory: | |
| Gross Revenue: | $1,628,045 (comments below) | Real Estate: | n/a |
| Cash Flow: | $268,837 | FF&E: | $22,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 YTD is poised for a better growth than subsequent years!! | |||
The sleeping giant awakens; that cash cow you’ve been waiting for is now on the market. This once in a life time Home Care Agency powerhouse is strategically nested in mid-Michigan and serves Ingham, Eaton and Clinton counties. Established in 1997 and has comfortably gone through the initial growth, rapid growth and now in the continuous growth stage. Very successful, well established with a fulltime Director of Nursing (RN), two fulltime LPN Nurse Supervisors, two full time and one part time Schedulers and a shared time financial/payroll and Human Resource guru. State of the art computerized payroll and scheduling systems. Agency serves an average of 200 patients per month in the comfort, convenience and privacy of their homes. They serve the community at large including seniors and help patients of all age groups to live independently for as long as possible. They are currently operating with 120 employees from Home Health Aids, Companions, Homemakers’ and LPN's and offers 24 hour healthcare services.
Buyer must close within 60 days of “Sales Agreement”. Sellers require a minimum of 331/3% of down payment and equal installment payments for the balance not to exceed 48 months.
Serious Buyers only, please do not call if you do not meet the minimum financial requirements and we require that you sign a Non-Disclosure Agreement and show proof of funds. We would prefer to continue any serious discussions with your legal and financial counsel.
Buyer must close within 60 days of “Sales Agreement”. Sellers require a minimum of 331/3% of down payment and equal installment payments for the balance not to exceed 48 months.
Serious Buyers only, please do not call if you do not meet the minimum financial requirements and we require that you sign a Non-Disclosure Agreement and show proof of funds. We would prefer to continue any serious discussions with your legal and financial counsel.
About the Business
Year Established:1997
Employees:20 full time - 40 part time
Facilities:A modern building near major interstate highways has an Office space of – approximately 2,500 sq ft. at a monthly rate of $2,500. Lease is currently on month to month basis, but buyer will sign a new lease agreement with the landlord. Everything in the office is included in the sale (furniture, computers, software, client & employee list....)
Market Outlook and Competition:This enterprise is very well established in the marketplace and enjoys the business of repeat consumers and word of mouth referral as a result of their outstanding services. We currently accept only insurance and private pay patients.
About the Sale
Reason For Selling:Illness and retirement!!
Seller Financing:Buyer must close within 60 days of “Sales Agreement”. Sellers require a minimum of 331/3% of down payment and equal installment payments for the balance not to exceed 48 months. Serious Buyers only, please do not call if you do not meet the minimum financial requirements and we require that you sign a Non-Disclosure Agreement and show proof of funds. We would prefer to continue any serious discussions with your legal and financial counsel.
KEYWORDS: Home Care Agency Home Nursing Agency Home Medical Agency Nursing Home Agency
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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