Hot Listing
Non-Medical Home Care: Payor mix of Medicare, Private and Insurance
Business Description
This home health company based in Nebraska had a 44% profit margin in 2021 with 5 office administrators and 43 caregivers on staff. This company has been operating for 30 years, but this location has been open since 2018 providing care to Local clients of all age ranges, not just the elderly like most competitors. This business works well with Medicare, long term Care Insurance and also offers private financing options. Services offered by the 43 caregivers on staff include Grooming and hygiene, transferring and positioning, conversation and companionship, light housekeeping, toileting and incontinence care, transportation, medication reminders, nutrition and meal prep, grocery shopping and other errands. This business has gained a great reputation due to the company’s excellent service. The current owner has offered 6 months of training and their responsibilities include general oversight which averages 15 hours a week. With a very low multiple of 2.75 and a $170,000 Fair Market Valuation discount due to the current owners need to move, this business is primed for new ownership.
Priced at $715,000, a 25% down payment of $178,750 returns $166,224 on the first year! The assets included in the purchase are valued at $60,000 and this includes office furniture, computers, webcams, printers, and a vehicle. This reputable company continues to grow due to their willingness to go the extra mile for their clients and consistent referrals. They currently operate out of a modest office space with 5 offices and a low overhead. Growth opportunities include developing an established marketing plan, partnering with insurance companies to expand services, hiring a sales representative to further expand the client flow, and advancing current marketing tactics.
Priced at $715,000, a 25% down payment of $178,750 returns $166,224 on the first year! The assets included in the purchase are valued at $60,000 and this includes office furniture, computers, webcams, printers, and a vehicle. This reputable company continues to grow due to their willingness to go the extra mile for their clients and consistent referrals. They currently operate out of a modest office space with 5 offices and a low overhead. Growth opportunities include developing an established marketing plan, partnering with insurance companies to expand services, hiring a sales representative to further expand the client flow, and advancing current marketing tactics.
About the Business
- Years in Operation
- 7
- Employees
- 48
- Facilities & Assets
- Assets Included in Purchase: $60,000
FF&E: $39,000 – including computers, printers, marketing supplies, cameras/web cams
Vehicle: $21,000 for 2019 Chevy Equinox
Intangible Assets: Confidential client list, full website, well established franchise for 30 years - Opportunities for Growth
- Growth Opportunities: Partnering with insurance companies to provide further services to additional clients
About the Sale
- Seller Motivation
- Owner’s husband lives in Mexico City, she is planning to relocate.
- Transition Support
- Seller Training Period: 6 months
- Financing Options
- 25% Buyer Down Payment $178,750 25% Seller Financing $178,750 50% Bank Loan $357,500
Listing Info
- ID
- 2061249
- Listing Views
- 4212
Attached DocumentsAttachment Disclaimer
Listing ID: 2061249 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. See our full Terms of Use. Learn how to avoid scams.
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