Established Business for Sale

South Euclid, OH (Cuyahoga County)

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Asking Price: $180,000

Cash Flow: N/A

Gross Revenue: $670,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,234.26 /Month

Established: 2011

Established Business for Sale

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Business Description

GREAT FOR EXPANSION OF CURRENT HOME CARE AGENCY.

Advanced Homecare Professionals Inc is a small home care agency licensed to provide personal care and homemaker services for OH Medicaid beneficiaries. The agency was established in 2011 with 1 owner. Services can be provided in Cuyahoga, Lake, Geauga and Summit counties. With the right management the agency has GREAT potential.

The agency prospered quickly from 2011 - 2017, grossing $900,000 in annual gross revenue within 5 years. During this period the agency had 65 clients and employed 42 employees. The agency management was unable to successfully sustain the agencies rapid growth.

New to home care? THIS IS A GREAT INVESTMENT for someone who don’t want to start from scratch. Policies and procedures, employees, offices, training and client base is already in place and waiting for a new owner.

Already have a home care agency? Great deal for expanding current business that is already generating revenue to cover overhead as you continue to grow your business.

* Great area that is centrally located.
*Accessible by freeway and on bus lines
*Combination of residential and commercial properties
*Surrounded by suburbs (Cleveland Hts., University Hts., Shaker Hts., Beachwood, Mayfield Hts., and Lyndhurst)
*Beautiful, updated office building
*In walking distance of 5 banks
*Surrounded by senior buildings

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
5/1/2021
Employees:
24
Facilities:
Currently in lease with 3 years left in a professional office building. 10 office with secure reception area, training room, fully furnished (antique/modern/economy/executive), office equipment included (color copier, server, computers, hospital bed, Hoyer, DME’s) 26 clients and 24 employees.
Competition:
There are approximately 100 agencies in Greater Cleveland providing like services. Because consumer’s have free choice of provider marketing is important. The agency will need accreditation from a regulatory agency for skilled nursing to complete with the larger agencies. Accreditation is 3-6 month process and has the potential to increase revenue four fold its current rate. There is one other like agency in the building. It’s a great location with residences, retail, and commercial traffic.
Growth & Expansion:
Obtaining accreditation will expand the agency’s growth potential four fold with the ability to provide skilled nursing and allied services, along with Medicaid services. The pros of accreditation also includes the ability to join other networks including Medicare and TriCare. The con is finding and keeping qualified staff.
Financing:
Buyer must obtain own financing.
Support & Training:
The current staff is available for hire to remain as employees or train new staff at the buyers discretion.
Reason for Selling:
Poor management and climbing debt.
Business Website:
http://Advancedhomecarep.com
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Business Listed By:
Madeline Dudley

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