Profitable Home Health Agency

Cuyahoga County, OH (Relocatable)

Caring Makes A Difference!
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Asking Price: $500,000

Cash Flow: $127,000

Gross Revenue: $820,000

EBITDA: N/A

FF&E: $6,000

Inventory: N/A

Rent: $1,200 /Month

Established: 2015

Profitable Home Health Agency

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Business Description

This profitable company is the inspiration of a former care giver who learned firsthand of the tremendous value of a trusted Home Health Aide. The Owner runs a tight ship while providing the community’s elders with assistance in home with the Activities of Daily Living and basic Companion Services. This is a non-franchised company built from scratch with systems, manuals, software, know-how and more than fifty employees already in place and trained, currently providing ongoing care while positioning the company for growth.

Detailed Information

Location:
Cuyahoga County, OH
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
55
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office space is leased and available for renewal, or one could purchase the company and operate it out of one’s own existing office space.
Competition:
The company is successfully using full color ads and professional word of mouth through existing local Elder Care networks to grow their business. Payers include Buckeye Health Plan, UnitedHealthCare, CareSource and Ohio Passport Waiver. The Ohio Department of Aging requires Providers to file for and maintain their own certification in order to bill the department for services provided. Certification requires one to have been a resident of the State of Ohio for at least five years.
Growth & Expansion:
Private Pay caregiving is an additional potential growth market.
Support & Training:
The Owner’s primary duties are HR, Administrative, Marketing, and Leadership, often done out of their home office. Support and Training are available as negotiated.
Reason for Selling:
Seller would like to spend time with her family.
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Lee Huff

Business Listed By:
Lee Huff

Ohio Valley Business Advisors

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