Medical & Non-medical in-home health care agency West Denver Territory

Lakewood, CO (Jefferson County)

Medical & Non-medical in-home health care agency West Denver Territory

Asking Price:$550,000

Cash Flow:N/A

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2010

Medical & Non-medical in-home health care agency West Denver Territory

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Business Description

High performing Home Health Care Agency.

Agency provides high quality in home health care for the aging population who want to remain in their own home. Agency is one of the few private pay home care agencies licensed by the state of Colorado as Class A for both medical and non-medical home care with services from companion care to skilled nursing and hospice support. Our field staff includes CNA’s, LPN’s, and RN’s with a Director of Nursing managing client care. Our clients include individuals with CHF, MS, ALS, Parkinson’s, Alzheimer’s/Dementia, quadriplegia, paraplegia as well as assistive care. Agency also offers staffing to various medical businesses and senior living facilities. The agency has achieved Joint Commission Accredited. The territory is approximately 300,000 in population and encompasses Jefferson County, the County with the largest 65 plus population in Colorado.

The agency has been in operation for nearly six years and has reached annual sales revenue of $1,300,000.

Office is functionally equipped with the office furniture and office electronics, purchased new when the agency opened.

The office is located for ease of access to major highways. The lease terms are some of the best in the West Denver metro area.

All employees have laptop computers, which have been purchased within the last 2 years and are running the latest version of the operating system.

Detailed Information

Employees:
65
Facilities:
The office is 1359 sq ft and has four enclosed offices, reception desk, multipurpose area, kitchenet, and file room. The lease was renewed March 1, 2016 for 3 years. There is term in the lease agreement with the option to move to the different (larger) office within the same building. The rent is more than reasonable with the annual cap on rent increase of no more than 3%. The monthly payment of 1,751 includes rent, real estate tax and utilities.
Competition:
Competition / Market Pros and Cons: There are few competitors licensed to provide both medical and non-medical private pay home care in the Denver area. The agency has built a strong reputation by providing quality care and outstanding customer service. Relationships have been developed with Medicare/Hospice agencies, the VA, hospitals, worker’s compensation companies, and independent, assisted living, and rehabilitation facilities. Franchisor is a national brand with outstanding franchisor support and growing recognition as a leader in this industry.
Growth & Expansion:
The home health care industry continues to rapidly expand with the aging population. The senior population is expected to reach 25% in Jefferson county over the next 15 years. In addition to having established local referral sources, the franchisor continues to develop relationships with national accounts which adds to potential sales revenue. The key differentiators for future growth for the agency is having a Class A state license and continuing to drive operational excellence to provide outstanding care for the client.
Support & Training:
The support, training and overall help from the franchisor continues to evolve at rapid pace as the whole the franchise organization continues to grow. There is also a strong support from neighboring Denver metropolitan franchise owners who work together, share ideas & best business practices. Owner will stay on up to 30 days after sale to assist with the transition
Franchise:
This business is an established franchise

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Business Listed By:
Ruth Chavez

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