Lic Medicaid Agcy Provid'g Hm Health Care Srvs to Elderly & Diaabled

GA

Seller Financing Available
Lic Medicaid Agcy Provid'g Hm Health Care Srvs to Elderly & Diaabled

Asking Price:$1,700,000

Cash Flow:$508,000

Gross Revenue:$2,600,000

EBITDA:$361,000

FF&E:N/A

Inventory:N/A

Established:1989

Lic Medicaid Agcy Provid'g Hm Health Care Srvs to Elderly & Diaabled

Get Financing Save Print Share Valuation Report

Business Description

Founded in 1989, the Company is a licensed Medicaid agency providing home health care services to elderly and disabled clients in Georgia counties. In home personal service rates are set by the State of Georgia. The Company provides services to approximately 180 clients at any given time, with a few private pay clients.

The Company relies on word-of-mouth and referrals to generate business. Since inception, the Company has established an extensive network of contacts in the industry.

The Company is an S-Corporation operating from a leased office on a family farm with a recast fair market value rent of $20,000 per year. Their staff totals 47 full-time and 50 part-time employees, including three active principals. In home care providers are Certified Nurse Assistants (CNAs.)

• Increasing gross profit trend: The Company’s cost of sales decreased from 70.0% of revenue in 2012 to 60% in 2014, resulting in increasing gross margins.

• Strong customer relationships: The Company has strong ties to clients due to its reputation for timely and excellent customer service.

• Overall growth expected in industry: Revenue (in current dollars) for US home health care services are forecast to grow at an annual compounded rate of 7% between 2015 and 2019. (Source: First Research, Industry Quarterly Update, February 2015)

• Superior name and reputation: The Company has a long-standing reputation for its focus on quality products, offering reliable expertise, and providing superior customer support.
Listing Statistics for Premium Members

Detailed Information

Inventory:
Included in asking price
Employees:
47FT/50PT
Facilities:
Leased office on family farm with recast rent of $20,000/yr.
Competition:
See listing summary.
Growth & Expansion:
See listing summary.
Support & Training:
Owners are available for a negotiated period of time beyond first month included in selling price.
Reason for Selling:
Retirement and other business interests.

Listing Statistics for Premium Members

Ad#:1257401 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Loren Marc Schmerler, President & Founder

Business Listed By:
Loren Marc Schmerler, President & Founder

Bottom Line Management, Inc.

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The Georgia Association of Business Brokers (GABB).

Find out more...

Get more details about this business.


Similar Listings


Sunny Days In-Home Care

Franchise Opportunity In GA
Capital Required: $72,545