15 Year Home Health Care Company - $1,200,000 Revenue

Cincinnati, OH (Hamilton County)

15 Year Home Health Care Company - $1,200,000 Revenue
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Asking Price: $630,000

Cash Flow: $251,000

Gross Revenue: $1,186,000

EBITDA: $251,000

FF&E: $1,000

Inventory: $500

Rent: $400 /Month

Established: 2004

15 Year Home Health Care Company - $1,200,000 Revenue

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Business Description

Exceptionally operated

This non – medical home health care service company has been owned and operated by the original family for 15 years. Between 2016 and 2019 company revenue has risen 40%. The company focuses on hourly and live – in care. Caregivers provide personal care needs, home – making assistance, light cleaning, companionship, and incidental transportation & accompaniment. All caregivers are carefully screened and go through a behavioral – based interview process along with rigorous reference and background checks. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

All private pay
Low overhead
SBA loan qualified
No collection issues
Experienced office staff
Short or long - term care
Owner chooses to work primarily out of home
Clean books and records – all numbers are verifiable
Industry software provides client database, billing, reports, & much more

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
N/A
Employees:
60
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is operated out of relatively small office space; moreover, the owner often works out of home.
Competition:
There certainly is competition in this industry, but this company has been serving this area of Cincinnati that they cover for 15 years with very high - quality service and have developed a wonderful reputation.
Growth & Expansion:
A sales - oriented buyer could continue to call on more medical facilities and nursing homes to grow the business. A more aggressive social media program could spur sales as well.
Support & Training:
The owner will train in all aspects of the business and will be available to ensure a smooth transition.
Reason for Selling:
The seller desires to re – locate.
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Dan Long

Business Listed By:
Dan Long

Cincinnati Business Brokers

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