Senior Care Business - 30% Profit Margin!!!!
(ID: 1082811)
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$300,000
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$330,000
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$105,000
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n/a
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n/a
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$20,000
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Business Description
Buy this non-medical senior care business and make an incredible profit by assisting our countries growing aging population. The market for this industry is incredible, In 1994 approximately one in eight Americans was age 65 and older but by 2030 one in five Americans will be a senior citizen. The number of senior citizens is expected to grow by 80% in the near future. With these incredible demographics that this business serves, it is easy to see why the home health care industry will continue to boom for the foreseeable future.
This business is a perfect acquisition for another senior care business who wants to gain valuable market share or any entrepreneur who has a passion for making a profit by helping others. All of the ground work has been done for you with its existing customers, employees and Medicaid and Workers Comp billing systems.
This business currently has 20 revenue producing employees, 1 full time and 1 part time office manager. The company consistently bills between 350 and 400 hours per week at $17 to $25 per hour. It is compliant with all state and federal regulations required to accept government funded senior care.
About the Business
Year Established:
2009
Number of Employees:
22 - 23
Facilities:
This business is currently being operated out of a 700 s.f. office space. Very reasonable month to month lease of only $500. Buy this business and take over the month to month lease or relocate this business to your home or office.
Market Outlook/Competition:
The potential for this business truly is unlimited. It is a non-franchised senior care business which can be grown as large as a new owner would like. There is moderate competition in the senior care business market but due to our country's growing aging population and a shortage of qualified care takers this business is primed for rapid growth with a new owner. This business does the majority of its business through Medicaid and Workers Comp which is a barrier to entry for other competitors who only take cash based payments.
About the Sale
Reason For Selling:
Seller would like to start another business
Training/Support:
Seller will provide support over a to be determined transition period.
Seller Financing:
Seller is open to financing terms
