Two-Location Home Care Services Provider

NY

Two-Location Home Care Services Provider
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Asking Price: N/A

Cash Flow: $630,000

Gross Revenue: $3,400,000

EBITDA: $510,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2009

Two-Location Home Care Services Provider

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Business Description

The Company is a two-location home care services franchisee providing companionship, homemaker, personal care, and home health aide services to seniors (age 65+) and the disabled wherever they may reside. It also provides respite care to family caregivers, sitter services during a client’s stay in a hospital or rehab facility, and escort services for medical appointments.
Roughly 99% of the Company’s clients are private pay, which indicates that the client, and not Medicare or Medicaid, is in control of the services that they receive. The Company has developed a customer base of over 200 active clients located throughout its core geographic region. As a result of repeated exceptional service, the average customer relationship has existed for over three years.
The Company operates out of a 2,400-square foot building, and a 450-square foot branch office. Both offices are expected to provide ample capacity to accommodate substantial growth. Its staff totals 8 full-time and 110 part-time, non-union personnel.

Detailed Information

Real Estate:
Owned
Building SF:
2,400
Growth & Expansion:
Recurring Revenue Stream: The Company’s 99% rate of repeat business ensures continuity of its operating cash flows. Highly Profitable Niche Business: The Company’s historical average profit margin, as measured by EBITDA, of 10.6%, is higher than that of other companies in the industry of 7.1%. Favorable Demographics: Demand for home health care will increase due to population aging in the US and nations around the globe. The US population 65 and older makes up 15% of residents and is expected to increase by 38% between 2015 and 2025. Because of medical advances, many of the medical conditions these people may suffer from will be better treated at home than in a hospital or nursing home. The following list highlights the Company’s core services: Companionship care and homemaking Physical assistance Hygiene Wellness Skilled nursing Non-medical home care Home health aide Respite Care Alzheimer's and dementia care services Health reminders Additionally, the Company provides the following supplemental services as an accoutrement to its core offering: Safety supervision Bringing in newspaper/mail Socialization Transportation Light housekeeping Grocery shopping Cooking Washing Dishes Running errands Medication reminders Walking assistance Helping get dressed Positioning in chair when necessary Stand-by bathing/showering assistance Bathing and Grooming Shaving with an electric razor Safety supervision Reading aloud from books, newspapers and magazines Range of motion exercises Bathing Bed baths Toilet assistance and incontinence care Cognitive stimulation
Support & Training:
Management Will Remain Through Transition: The current shareholders are willing to remain with the Company during a brief period to ensure a smooth transfer of ownership
Reason for Selling:
Approaching retirement age.
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(from currently available funds)
 
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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Behjati Capital Group LLC Mergers & Aquisitions

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