$2.0M In-Home Senior Care - Central Ohio

Chillicothe, OH (Ross County)

Seller Financing Available
$2.0M In-Home Senior Care - Central Ohio
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Asking Price: $595,000

Cash Flow: $270,000

Gross Revenue: $2,050,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,250 /Month

Established: 2004

$2.0M In-Home Senior Care - Central Ohio

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Business Description

*** Well Established / Strong Brand Name / Rapid Growth ***

This fast-growing company provides non-medical care and assistance with daily
living for seniors living within a 5-county area in central Ohio. Established in 2004,
the firm is expanding quickly aided by the well-respected brand name of one of the
most successful networks of independently owned In-home care companies in
America. Its business is effectively divided between self-paying clients and those
who qualify for programs offered by Ohio’s PASSPORT Medicaid waiver program.

This is a great opportunity to help meet the growing needs of the nine out of ten
Americans 65 and older wanting to stay at home for as long as possible. The
Company has clients, caregivers and an excellent operating system in place. Current
ownership is prepared to assist the successful buyer with training and an effective
transition.

With more than 25,000 seniors in its service area the business is up 31% versus last
year and is exceptionally well positioned for continued growth.

Detailed Information

Location:
Chillicothe, OH
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
12/31/2019
Employees:
80+
Facilities:
The Company operates out of a centrally located headquarters and two satellite offices. All are on short term leases.
Competition:
Senior care alternatives include other nationally branded and independent home care firms as well as Independent/Assisted Living Facilities and Residential Care Homes.
Growth & Expansion:
A recurring flow of new client inquiries come primarily from referral providers within the senior and medical communities and among the families of former clients as well as from “top of page” internet presence and national/local advertising. As the oldest of the 78 million US baby boomers reach their 70s and live longer, demand for in-home care is expected to explode.
Financing:
Seller will consider financing up to 15% of a full value deal
Support & Training:
Current ownership is committed to assisting with a thorough transition.
Reason for Selling:
Seller is preparing to retire
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Contact the Seller

(from currently available funds)
 
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Steve Proscino

Business Listed By:
Steve Proscino

SVP HomeCare

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