Listing Number: 6301-670384
Description
Healthcare practice ID: 7305
Listing ID: 6301-670384
Presenting a rare opportunity in the high-demand home care industry, this independently and nurse-owned agency, established in 2017, boasts a team of 20 caregivers servicing 25 clients. With $870,000 in gross revenue and $170,000 in seller's discretionary earnings (SDE) in 2023, the business operates mainly on a passive basis for the seller. It bills 800-1000 weekly hours, primarily catering to non-medical needs and holding DDD approval, with 95% Medicaid and 5% private/LTC clientele. Operating from a low-rent 700 sqft space with a month-to-month lease, the business offers flexibility for a longer-term agreement or relocation. Holding CAHC accreditation and utilizing HHAeXchange software, it provides non-medical services including companionship, meal preparation, light housekeeping, errands, and childcare. With Medicaid contracts including HNJH, UHC, AG, & AETNA, this business represents a rare find with immense growth potential in the thriving home care sector.
Please copy and paste the link below to access the 1-page agency summary document that includes the agency highlights, description, financial information, opportunities for revenue expansion & profit growth.
https://transworldbusiness-my.sharepoint.com/:b:/g/personal/mabdelgowad_tworld_com/EVQRWVZfkktMj_Mluz4w64kBgeOHnCR1mHrnPEUPYqbBtQ?e=jOmg4V
For more details & to receive the confidential information memorandum (CIM) with more sensitive info, prospective buyers will be required to:
1. Execute an NDA
2. Provide proof of identity unless a face-to-face or video conference occurs prior to receiving confidential information
3. Provide proof of funds
If you have any questions, please feel free to reach out to:
Mohamed Abdelgowad, RPh, CBI
President "M&A Healthcare Group'
Business Intermediary 'Transworld Business Advisors Passaic County'
(201) 716-2569
Listing Details
- Price: $800,000
- Down Payment: $800,000
- Sellers Discretionary Earnings: $169,619
- Total Sales: $869,291
- Location: Hudson County, New Jersey
- Inventory: $0
- FF&E: $15,000
- Employees: 20
- Year Established: 2017
- Reason for Selling: Starting other line of business
- Category: Medical Related Biz
