Lucrative Home Care Agency Kings County, NY 32266

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Great home care agency with amazing business potential!
Asking Price:
$64,000,000

Gross Revenue:
$7,800,000
Cash Flow:
$1,161,146
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

For existing Home Care Agency owners: Licensed Home
Care Service Agency (LHCSA) available for purchase.
Licensed in the 5 boroughs and Westchester. This license
presents value to those who understand the industry.
Provides Home Health Services, given at home, to
recovering, disabled, or chronically ill people. This
company uniquely specializes in home care for the deaf,
deaf-blind, and hard of hearing. Almost 200 Aides
service 160 patients including sixteen (16) 24 hour live
-ins. Also, Spanish and Russian proficiency. Uses HHA
Exchange software for seamless operational, compliance
and billing capabilities. 2018 Net Income was $961k on
$6.4m gross revenue. 2019 revenue YTD is $150,000
per week ($7.8m annual gross) with an expected net
income of to owner of $ 1,161,000. Company bills
approximately 7100 hours per week with room for growth.
Little marketing to hospital discharge and social workers,
etc. RNs work per diem re-assessing all patients every
6 months. 24-hour observations are provided to evaluate
if extra hours are required. All Medicaid. Billing done in
house; 7 office staff. Clean DOH audit in 2018. There
has been tremendous growth in this field as the need
for these services continues to grow. On pace to grow
sales to $8m in 2019 which is 20% more than prior year
gross revenues.
Dept of Health allows Home Care License TRANSFER
to EXISTING LHCSA OWNERS ONLY. Buyers will have to
provide the name of their Home Care Agency and
significant proof of liquid funds (At least $2 million) for
the name of the Home Care Agency and a meeting with
the owner. No financials will be provided until after a
meeting with the owner. Contact broker Joseph Stansky
for more details at jstansky@vestedbb.com.

Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

About the Business

Location:
Kings County, New York
Year Established:
2013
Number of Employees:
204
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About the Sale

Reason For Selling:
partner issues
Training/Support:
Yes
Seller Financing:
4,500,000.00 Down

Listing Info

ID:
1639026
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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