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Asking Price$550,000
Revenue$1,019,826 Established2002
Cash Flow$193,000 Employees4 full-time
FF&E$45,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring after many successful years in this non-medical home service industry. The company is a New Jersey State licensed accredited and Medicaid approved Home Care Agency providing quality care and assistance to elderly, disabled and patients recovering from illness or surgery. The agency has available approximately ninety (90) part time home health aides and three full time internal employees in order to properly service its clients. The company can evidence a gross income of $1,019,826.67 and a net yearly income of $193,000 based with onsite ownership. The experienced staff of Home Health Aides and Registered Professional nurse assist clients with physical and emotional support in the convenience of their home. This company collaborates with a variety of healthcare professionals to ensure the highest quality of service. Their Home Health Aides assist patients with all basic services including physical exercises, light housekeeping and more. Their aides facilitate activities of daily living under the supervision of a Registered Professional Nurse and all caregivers are bonded and insured. An individual plan of care is designed for the patient by a New Jersey licensed Registered Professional Nurse (R.N.) based on medical assessment and patient’s need. The Plan of Care addresses medical, physical, social and emotional aspects of patient’s needs. The company accepts private payment, long-term insurance, most private insurances and Medicaid. In addition, this home care agency participates in a variety of programs. In order to maintain the highest standard of care possible the company consistently demonstrates full compliance with New Jersey State regulations and the staff undergo State and Federal screening, fingerprinting that includes reference verification and skill evaluation. The sale includes the company’s assets value of approximately $125,000 including the appropriate NJ State licenses to conduct business, Medicaid approval, various computers, software for this industry, accounting software, training equipment, required furniture for various offices to conduct the daily operation, etc. This particular business has four employees plus aids who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $64,000. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $2,100 and rent security $2,100. The facility has appropriate private parking on site as part of the commercial lease. The agency is active five days per week, however due to the type of in home service the company is available 24 / 7 in order to meet the client’s demands. The agency has a NJ State license with the department of consumer affairs as a home health agency and is state approved as a Medicaid provider. Based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator. The company will evidence a 2015 gross yearly income of $1,019,826 and a yearly net income of $193,000 based with onsite ownership and prior to debt service. The price of $550,000 has been set based on a multiple of 3.5 times the net yearly income including the business assets and financing has been approved to a qualified buyer based on an appropriate down payment and credit strength. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:The Agency is located in North Central New Jersey close to various highways including the NJ Garden State Parkway & Turnpike for convenience to the staff and clients. The agency has an excellent location which can confidently service numerous communities in the State. The facility is in a commercial office complex and consists of 1,500 square feet in an attractive modern setting with private parking as part of the lease agreement. The facility has a professional image with an attractive entrance / waiting area and various rooms for meetings and training.
Competition:Due to the required state licenses and the difficulty in obtaining Medicaid approval minimal competition exist in the industry. Also the owner will supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The agency presently has a modest marketing budget / plan which can be improved. Also, the majority of this agencies income is from Medicaid and with an improved marketing plan additional income can be obtained from other services.
Training/Support:The owner will remain post closing and supply an appropriate transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years of success.
Ad #87692
Seller Reference #SVS281
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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