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Home Health Care Agency

Wichita, KS (Sedgwick County)

Home Health Care Agency
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Asking Price: $197,500

Cash Flow: $140,000

Gross Revenue: $900,000

EBITDA: $140,000

FF&E: $5,000

Inventory: N/A

Rent: $1,250 /Month

Established: 2009

Home Health Care Agency

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Business Description

Established Home Health Care Agency

Executive Summary:
This is a turnkey operation in a well-established top brand in home senior care/staffing Franchise in one of the nation’s highly sought after business models. Establish in 2009, we have earned a reputation of providing the Wichita and the metro area professional and quality in home health care. The agency portfolio offers multiple revenue streams including Companion Care, Personal Care, Skilled Nursing and Medical Staffing. We feel we will exceed $900K this year in sales.
The agency is profitable and fully staffed with experienced employees. No experience in the medical industry is necessary. Extensive training as well as excellent support will be provided by franchisor. You will be trained on everything you need to know to be successful.

Company Information:
The owner is selling the business to pursue another business opportunity.

Asking Price and Selling Terms:
The asking price for this opportunity is $197.5K. The new owner will be responsible for transferring the state license to his company at a cost of $100. The owner will stay assist with the successful transfer ownership.

Key Personnel:
President/Owner: Sales and Fiduciary Responsibilities
Branch Manager: Operations, Recruiting and Invoicing
Director of Nursing: Clinical Oversight

Lease Terms:
The office space is 1,220 SF located with easy access in downtown Wichita, KS and has free onsite parking. The space is divided into three offices, a large conference room, a storage room and a private and secure files room. The monthly lease is $1,250 per month and includes utilities. The lease expires upon sale, giving the new owner the option of staying or relocating. The office complex boost a large atrium decorated with tropical plants and an additional conference table. The office is furnished with all computer needs, routers, and printer.

Financial Statements:
This is a confidential sale. A Non-Disclosure Agreement is required by the seller. Details, location, etc. disclosed to qualified buyers with NDA in place. Gross Revenue, Cash Flow stated by seller. All information, financials, data must be verified with the seller and your own professional CPAs, accountants, etc.

New Owner Obligations:
The new owner will be required to attend training in the Chicago area, transfer of state licensure and maintenance of brand standards.

Detailed Information

Location:
Wichita, KS
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,220
Lease Expiration:
N/A
Employees:
50
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Major Assets: All office assets are part of the purchase and include three executive office suites, an eight foot conference table with leather seating, nine high end Hon file cabinets and all necessary computer and printing needs. The furniture ranges from five to seven years old and is in very good condition. A conservative value of the office assets is $5,000. Also included are the marketing collateral that has been pre-purchased.
Competition:
Senior demographics continue to grow and the desire to stay at home continues to increase. with 90% of seniors wanting to age in place, the market for our services will continually grow. The vast majority of our competition offers poor quality service, staffed with unprofessional caregivers. We employ only professional CNAs licensed by the state. This location is one of few agencies in Kansas that have received Joint Commission Accreditation that is highly recognized by the medical industry & offers a competitive advantage with local competition.
Growth & Expansion:
This business serves the rapidly growing $1.8 trillion healthcare industry. Two thirds of home care recipients are over the age of 65. Seniors represent the largest, wealthiest, and fastest growing market There are over 40 million people over the age of 65. Today, over 1.4 million Americans are receiving some form of home care. By the age of 85, nearly 50% need some support with everyday activities.
Support & Training:
New Owner Obligations: The new owner will be required to attend training in the Chicago area, transfer of state licensure and maintenance of brand standards. The current owner will stay to train and ensure a successful transition of ownership
Reason for Selling:
To pursue other business opportunities
Franchise:
This business is an established franchise
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Business Listed By:
Not Disclosed

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