Home Health Agency

NJ

Home Health Agency
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Asking Price: $75,000

Established: 2016

Home Health Agency

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Asset Sale Description

Unusual business opportunity to purchase a New Jersey Home Health Care and Skilled Nursing Agency with Medicaid approval. The company is presently closed due to a personal issue with the owners, however the licenses continue to be active and available. This Company is licensed with the New Jersey Division of Consumer Affairs for Home Health Care services. The agency is also approved with the New Jersey Department of Human Services as a Medicaid provider for Personal Care Assistance and private duty nursing service. The demand for Home care service continues to expand due to the tens of thousands of senior citizens who retire every day. The company is Certified by the New Jersey Office of the Attorney General - Division of Consumer Affairs, and the company offers hourly or live-in home care services. The service that the home health aides provide will allow family members to continue with their own lives confident that their 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 Medicaid approved company, started in 2016 and continues to be dedicated with high standards in providing senior citizens who require homecare with trusted companionship, homemaking and personal care assistance. This service is the alternative to a nursing home, assisted living facility, or retirement center. This is a wonderful dependable business opportunity with continued growth potential to a motivated owner operator. For Qualifications purposes, this business opportunity, industry does not require any specific education to own or operate, however, state government licensing approval is required in addition to any municipal licenses. This company was located in Northern New Jersey, Bergen County. The facility consisted of 1,000 square feet with a professional appearance. The company as per the New Jersey state licensing regulations can service within fifty miles of its location and conducted business in a limited area of Northern New Jersey. This home health agency has now terminated its employees, aids and nurses. The business location has now been closed, however a new lease can be arranged with available options. The business fixed assets has an estimated value of approximately $75,000 which is based on the original equipment and licensing buildout & replacement cost, tangible & intangible, in addition to the multiple of the projected net yearly income. The sale consists of the corporate entity, various state licenses and Medicaid approval. It is our understanding Medicaid approval is not readily available at this time in the State of New Jersey. The present owners do not have the availability to remain post-closing and to supply an appropriate transitional period to the new operator. The owner is due to the owner’s inability to maintain this business operation. The business presently has a limited marketing plan, no sales staff, no web site and if improved can further develop the business gross income. 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 business has been valued at $75,000 based on the value of the assets, specifically the New Jersey Corporation, New Jersey State licenses and Medicaid Approval.

Detailed Information

Facilities:
This company was located in Northern New Jersey, Bergen County. The facility consisted of 1,000 square feet with a professional appearance. The company as per the New Jersey state licensing regulations can service within fifty miles of its location and conducted business in a limited area of Northern New Jersey.
Support & Training:
The present owners do not have the availability to remain post-closing and to supply an appropriate transitional period to the new operator.
Reason for Selling:
The owner is due to the owner’s inability to maintain this business operation.
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(from currently available funds)
 
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Ron Cervelli

Asset Sale Listed By:
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Regal Consulting Corp.

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