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Asking Price$169,000
Revenue$700,000 Established2011
Cash Flow$80,000 Employees12 full-time
FF&E$75,000* FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful Home Health Agency located in Middlesex County that services numerous counties in Northern New Jersey. The company’s 2015 gross income was $700,000 and can expanded with onsite, full time ownership. The demand for Home care service continue to expand due to the tens of thousands of senior citizens who retire every day. The service that the home health aides provide will allow family members to continue with their own lives confident that loved ones are in dependable hands. This superior Home Care Services company, reduces family stress, and offers moderate cost with fast aide placement time. This is a private company started in 2011 and continues to be dedicated with high standards in providing seniors citizens requiring homecare with trusted companionship, homemaking and personal care assistance. The service is supplied in the comfort of their home or other residence. This service is the alternative to a nursing home, assisted living facility, or retirement center. When your loved one needs care and you can’t be there all the time, a highly qualified Home care caregiver becomes an extension of your family, providing the best of care with constant communications. Their clients stay connected and are “worry-free”, knowing their loved one is safe, content, and thriving in their own environment, living with independence, dignity and control. They will create a detailed care plan so they can provide the most suitable service required and they will determine and finalize the days/ hours that services are needed. This is a dependable business opportunity with substantial growth potential to a motivated owner operator. This industry requires government agency licensing approval to operate. This non retail service company is conveniently located in Northern New Jersey Middlesex County. The facility which consist of 1,325 square feet has an attractive professional appearance. The company as per the NJ state license can service within fifty miles of its location and presently conducts business in a limited area of Northern New Jersey. This home health agency has fifty aids available and routinely employs approximately twelve staff who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll for 2015 was $31,250. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $1,160, cost per square foot is $10.47 and rent security $2,200. The business assets has an estimated value of approximately $77,000 which is based on replacement cost of licensing and existing relationships. The sale consists of a turnkey home health agency, which includes various licensed home health aides, an accounting system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The business is active five days per week, with hours from 9:00 am to 5:00 pm, however a 24-hour messenger center services after hour calls. The sale includes a certificate of occupancy from the particular municipality and the required state licenses to conduct its day to day business. The owner will remain post-closing in order to supply an appropriate transitional period to the new operator. The owner is retiring and relocating out of the state of New Jersey. The business presently has a limited marketing plan, no sales staff, basic web site and if improved can further develop the business bottom line net income. The company should also apply for Medicaid approval to service a large portion of New Jersey residents. The concern for competition is not a factor for this industry and the owner has agreed to supply a long term non compete agreement to the purchaser. The 2015 yearly gross income is $700,000 and the business had a yearly net income of $80,000 based on an owner operator and prior to debt service. Due to the owner’s recent absentee ownership the 2016 income is reduced which reflects the reduced asking price. The business has been valued at $169,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This non retail service company is conveniently located in Northern New Jersey Middlesex County. The facility which consist of 1,325 square feet has an attractive professional appearance. The company as per the NJ state license can service within fifty miles of its location and presently conducts business in a limited area of Northern New Jersey.
Competition:The concern for competition is not a factor for this industry and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no sales staff, basic web site and if improved can further develop the business bottom line net income. The company should also apply for Medicaid approval to service a large portion of New Jersey residents.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Owner financing is available to qualified buyers.
Sale Reason:The owner is retiring and relocating out of state.
Ad #88694
Seller Reference #SVS289
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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