Home Health Agency in Miami Florida

Miami-Dade County, FL

Seller Financing Available
Home Health Agency in Miami Florida
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Asking Price: $1,200,000

Cash Flow: $479,671

Gross Revenue: $4,521,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Established: 2010

Home Health Agency in Miami Florida

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Business Description

HHA Establish for over 10 yrs. Medicare certified, Services provided, Non-skilled and Skilled; Skilled Nursing, P/T,O/T,S/T, Home health Aid comp, Wound care, Diabetic education and training, P/TINR, Infusion Therapy. Accredited/certified, just passed Joint Commission for next 3 yrs. Currently active 80 patients. All major insurance contracts plus Carecentrix center referrals. Excellent QC, all trained employees, long term will stay. Agency supports the work with Hemophilia patients and other bleeding disorders. Owner’s leadership skills and experience, along with the passion for the business resulted in this successful profitable Company.

Detailed Information

Location:
Miami-Dade County, FL
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2200
Competition:
High need for this industry due to the aging population. "From new technology implications to broader acceptance by health and hospital systems, in-home care is embracing the latest advances. Not to mention, the sector ended 2017 with a few mega deals that will make 2018 a year to watch on the M&A front. Here are some of the top trends to watch out for in 2018: • Medicare upheaval still looms • Home care gets even smarter • Blurring home care and home health lines • Moment of truth for startups • Insurers as allies • Hospice M&A heats up • Staffing troubles spur creativity-maybe desperation • Retail revolution" Strong growth in demand Agencies that offer medical and non-medical care will continue to grow as baby boomers age and the cost of healthcare rises. Most agencies have excellent financial records and sellers should make sure they are up to date at all times. Starting an agency is a relatively high-risk process because it takes a long time to reach profitability. Many startups are under-capitalized. All of the agencies I have worked with show great growth and this industry will continue to grow with the aging of baby boomers. Marketability is OK, but it takes a special buyer to operate these agencies, and financing the purchase for a relatively new agency is extremely difficult. The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The U.S. senior population currently sits at approximately 50 million, and by 2030, it is expected to swell to 81 million (Source: U.S. Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives. Helping people and flexibility with lifestyle. The mission—helping seniors have a better quality of life as they age. Demand will continue to grow. Difficult for Amazon to compete in this space. Easy entry; market share concentration is low; low capital intensity; moderate technology changes. It has a positive social impact. Most owners derive satisfaction from providing a much needed and very personal service. Hundreds or thousands of local citizens are touched by these caregivers. A good agency operating at the $2 million level can be very profitable. Demand is escalating. Not complicated model.
Growth & Expansion:
Ability to make a real difference in people's lives. Industry is growing. Ability to maintain a solid profit margin. Industry will continue to see large-scale consolidation. Demand will continue to increase. High need for this industry due to the aging population. Agencies that offer medical and non-medical care will continue to grow as baby boomers age and the cost of healthcare rises. Most agencies have excellent financial records and sellers should make sure they are up to date at all times. Starting an agency is a relatively high-risk process because it takes a long time to reach profitability. Many startups are under-capitalized. All of the agencies I have worked with show great growth and this industry will continue to grow with the aging of baby boomers. Marketability is OK, but it takes a special buyer to operate these agencies, and financing the purchase for a relatively new agency is extremely difficult. The home-care industry has exploded with the aging population.
Financing:
SBA ,On a profitable and upward trending company SBA financing is available.
Support & Training:
2 weeks of free training. Owner /RN is willing to stay on board for a few months on a separate agreement.
Reason for Selling:
Owner is seeking other certifications to move out of South Florida
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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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