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Homecare and Companion Agency

Connecticut

Services - Health, Medical & Dental | Services - Other Personal Services

Asking Price $250,000 Inventory  
Gross Income $611,552 Real Estate  
Cash Flow $85,703 Year Established 1983
FF&E $3,350* Employees 3

* included in the asking price

** not included in the asking price

Great business for sale

This Homecare and Companion Agency is one of the oldest and largest agencies in Northwest CT. The Company is a private pay homecare agency that services Litchfield County, CT, Dutchess County, NY, and may service Berkshire County, MA. The Company has an excellent reputation among providers, hospitals, physical therapists, nursing homes, assisted living providers, and customers. The Company was established over 25 years ago. The Company has consistent and reliable sales and earnings. 1st Quarter 2008 sales are up 28%, well above 10% growth target. 2nd Quarter online and traditional marketing efforts have resulted in new exclusive and profitable referral sources and clientele.

Facilities: Company has an attractive lease on approximately 600 square feet of office space.

Competition: Homecare and Companion business is in the beginning of a strong industry growth cycle. The Company is a private pay company in an affluent location, and is one of the larger companies of its kind in the area.

Growth/Expansion: Immediate growth could be acheived by opening to government pay programs. Online marketing and concentrated sales effort could dramatically increase sales in short term. 1999 - 2003 revenues over $900K.

Financing: Up to $50,000 depending on terms to a well qualified buyer.

Support/Training: Selling is willing to stay for a reasonable transition period to ensure a successful and smooth ownership transition.

Reason Selling: Owner will retire and travel to Florida to aid with aging parents.

AD # 381118

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