$1 Million Home Health Agency in the Carolinas

York County, SC

$1 Million Home Health Agency in the Carolinas
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Asking Price: $350,000

Cash Flow: $65,000

Gross Revenue: $1,000,000

EBITDA: $15,500

FF&E: $5,000

Inventory: $1,000

Rent: $1,300 /Month

Established: 2009

$1 Million Home Health Agency in the Carolinas

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Business Description

Award winning home care agency located in a rapidly growing area.

Joint Commission accredited home care agency with licenses for both non-medical in-home care and skilled nursing. Dual licenses allow for multiple revenue streams including companion care, personal care, medical staffing, wound care, in-home infusions and injections, benefits assessments for insurance providers, physical therapy, and occupational therapy. Seasoned and experienced office staff and a strong bench of compassionate and competent caregivers and nurses.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
N/A
Employees:
85
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Agency leases approximately 500 square feet in an office building that provides free parking, shared conference rooms and a shared break room equipped with a refrigerator and a microwave. The office space is comfortably furnished for the owner and 5 office staff. All office equipment and furniture is included in the asking price. The agency has leased this space since it opened in 2009 and is now on a month-to-month basis. The new owner will be required to sign a one-year lease.
Competition:
Agency is the most awarded home care agency in the area based on survey responses and testimonials from clients and caregivers. The agency has earned both the Provider of Choice Award and the Employer of Choice Award for 2017, 2018, and 2019. Referral sources from hospitals, rehabilitation facilities, and hospice agencies trust the agency to provide quality care. Most importantly, new clients are signing due to recommendations by current or former clients. Finally, in a tight labor market, the Employer of Choice Award aids in recruiting and retention.
Growth & Expansion:
According to data from the U.S. Census Bureau, home care industry revenue increased from $30.4 billion a year in 2002 to $65.4 billion in 2012, and will continue to grow into the foreseeable future. The industry’s growth is being driven by two factors: the rapid increase in the number of older Americans, and pressures on the overall healthcare industry to meet the needs of this growing population in a cost-effective way. This agency is located in one of the fastest growing areas in the country. Both natural growth and expansion opportunities are strong.
Support & Training:
Agency is part of a strong franchise system which provides: 1. New Owner Training 2. Training for Sales, Operations, and Clinical staff. 3. Proprietary technology platform. 4. Partnerships with providers of services such as recruiting, payroll, insurance, accounting, and marketing. 5. Partnerships with National Accounts which refer patients to franchisees.
Reason for Selling:
The owner has decided to retire and spend more time with grandchildren.
Franchise:
This business is an established franchise
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Business Listed By:
Not Disclosed

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