Home Care Agency

Business Summary:
LISTING ID # 34897This unique niche home care agency is rapidly growing at a compounded rate of 8% per month. This business services a niche disabled population for which DOH and DDS pay a higher hourly rate. Non-medical care. Now licensed to service all populations in all counites of Ct. Initial assessment by the Director of Nursing to determine level of care. Located in a brand new 11,000 sq ft facility cost $300,000 to buildout 3 years ago. Opportunity to offer home care services throughout the entire state and to also offer AFL (Adult Family Caregiving) services. It's difficult to obtain a home care license that covers the entire state of Connecticut. Long lease. Fully integrated software is provided by the state Sundata-Ct and CTD SMAB. Gross revenue and net income in the profile is projected based on year-to-date numbers and the August billing continued for the Sept-December period. At a 8% monthly growth rate, the actual full year billings will be much higher. Owner net profit margins are 25-30% and the net income representation is a projection based on actual current billing. The state of CT is providing grants to cover certain expenses because the agency is the one of the few agencies providing service to these niche clients. Owners seek a buyer that can provide proof of funds of at least $1m and, more importantly, has relevant care experience. This is required for the name and location of the agency followed by a call or meeting with the owners. No bank financing. The Home Care Agency (Listing # 34897) shares the facility with a Social Adult Day Care (Listing # 34896) that services the same niche population. Listing # 34896 (SADC) is offered for sale together with this Home Care Agency. Contact broker Joseph Stansky at 631-383-3109 with your background and Proof of funds.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34897 for instant access to this business information.