Home Care Services Agency

Edwardsville, IL (Madison County)

Home Care Services Agency
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Asking Price: $2,500,000

Cash Flow: $540,000

Gross Revenue: $2,400,000

EBITDA: N/A

FF&E: $25,000

Inventory: N/A

Rent: $2,280 /Month

Established: 2012

Home Care Services Agency

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Business Description

Home Care Services

The Silver Tsunami of seniors needing home care services will grow for many, many years to come as aging seniors wish to maintain their independence, and age in the comfort and safety of their own homes. Baby boomers will continue to reach age 65 which peaks in year 2030. Approximately 52% of all people turning age 65 will need some sort of home care such as transferring in and out of bed and bathing. This home care agency is a sustainable and future/recession proof business which has experienced steady growth in income and census since 2012. There is a current census of over 125 private and Medicaid clients with many referral sources in place. The agency provides 24 hour live-in and hourly care for Activities of Daily Living/Personal Care, Respite Care, Recovery Care, and Companion Care. The agency uses industry best technology and recruitment/training for sustained success, efficiency and effectiveness of operations, client care, and staff management.

Detailed Information

Location:
Edwardsville, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
100
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This agency has multiple offices strategically located to manage the expanse territory. The offices are fully equipped with all new furnishings and office equipment included in the price. Plenty of room to continue to grow census and add staff.
Competition:
The agency has built a strong brand in the markets it serves and with referral sources/partnerships at healthcare organizations and state agencies for which the agency provides care services to their clients. This agency maintains a strong brand, referral rate, and competitive edge in pricing and services offered over much of their market competition.
Growth & Expansion:
This business will continue to enjoy growth. Illinois Medicaid programs continue to grow, as the Division of Rehabilitation Services budget for 2019 is $1 Billion. Currently planning is in place to take on another income platform that can add significantly to the bottom line. Included in the sale price is a licensed and state program approved Personal Emergency Response System (PERS) business to provide a much needed service to clients. Additional income at no cost. Full-time experienced management ensures seamless on-boarding of new ownership.
Financing:
SBA loans available with agency owner's banker relationship
Support & Training:
Current owners willing to fully train new owners and support their success through an on-boarding period.
Reason for Selling:
Retirement
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Business Listed By:
J.M.

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