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SOLD Private Pay- Home Health care Company

Moorestown, NJ (Burlington County)

SOLD Private Pay- Home Health care Company
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Asking Price: $450,000

Cash Flow: $125,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $0.00

Established: 2009

SOLD Private Pay- Home Health care Company

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Business Description

Established Home Care Business servicing the South Jersey market. The business is part of a leading franchise and has experienced rapid and dynamic growth in the last few years, they offer much needed services to the elder population, including personal care, companion care, Alzheimer's and Dementia care, to name a few. The company is primarily 75% private pay and the rest insurance, this enables them to generate a high profit margin. This is a much needed service in the area they service with baby boomers needing these services by keeping health care costs down and retaining a better quality of life, the aging in home model will continue to grow and is a needed service. Call broker for more details.

Detailed Information

Location:
Moorestown, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Facilities:
Currently run from a home based office.
Competition:
There are a few companies offering these services, however the market demand currently exceeds the companies available to service the population. The South Jersey market has a high demographic population of retirees 65+ and continues to grow in this age segment.
Growth & Expansion:
The company can offer additional services and technology driven devices to complement the current services. There is a large and growing population that needs home care services. The current owner has grown the business in the last few years with minimum effort and currently only devotes about 10 hours a week in the business and is not aggressive in the marketing and sales of the services offered. The franchise offers multiple streams of income and recurring revenue models that include some of the latest technology offered to compliment the care services, the current owner has not marketed these additional services.
Reason for Selling:
call broker
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(from currently available funds)
 
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Penny Papaioannou

Business Listed By:
Penny Papaioannou

Atlantic Business Brokers

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