UNDER CONTRACT - For Profit Home Personal Care

Columbus, OH (Franklin County) (Relocatable)

UNDER CONTRACT - For Profit Home Personal Care
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Asking Price: Get Financing: $6,250,000

Cash Flow: $1,020,000

Gross Revenue: $5,931,884

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Real Estate: $750,000*

Established: 2008

*not included in asking price.

UNDER CONTRACT - For Profit Home Personal Care

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Business Description

Rare opportunity to own a premier home and community based health service business with a very successful business model! An industry front-runner in quality care, this company is authorized to provide residential care to adults with developmental disabilities, as well as various Waiver and Nursing Services in Central Ohio. The Individual Options Waiver is one of the best assets in the industry, and many home health agencies are trying to expand into this because there is HIGH demand, a better reimbursement rate, and thousands more adults entering into that funding source in the next few years. Some of the services this company offers are:
• Home maker Personal Care services (HPC)
• OSOC on-site call
• Nursing services
• Individual Options (IO) Waiver services
• Level One Waiver services
• Exit Waivers
• DODD
• Limited Program Specialist Activities
• 30+nonprofit and subsidized housing locations (not owned by the
company)

The company has long-term retention rates within Central Ohio with all funding coming from a mix of county, state and federal funding on a contract basis. The owner limits the volume of whom he/she accepts to serve, ensuring responsible, reputable, quality care and customer satisfaction. The owner has gradually reduced his/her role over time so that the company could remain successful with the wonderful people that are in place for a new owner.

Note: Broker must be able to determine buyer has resources to purchase a business this size. Buyer must disclose a bank financial statement and complete and sign a nondisclosure statement before any information is released on this confidential listing. Buyer must also be willing to have an initial consultation with the broker before any financial or other detailed information is given.

NOTE: Please refer to attached "Buyer Response Letter" which will outline what process any prospective buyer(s) will be asked to follow in order to learn more about this business operation.

Attached Documents


Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
200+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office headquarters are remodeled and offer beautiful and bright surroundings for employees and clients. It is located in a desirable area with great access to major highways.
Competition:
The company serves Central Ohio Franklin County and surrounding areas. The owner is licensed to do business in several counties, but they turn away opportunities to simply "grow" their footprint. The goal has always been to stay focused on company reputation, quality of care and customer satisfaction.
Growth & Expansion:
This company is set for huge growth. They receive hundreds of new client referrals every year, however, the owner's goal has been to grow the business organically to maintain quality care. In early 2018, the seller did make a decision to accept new long-term care clients under contract and revenue will increase significantly. Owner presently offers nursing services and realizes that the new owner(s) could extensively grow the company by expanding the nursing services division. Sales have increased every year and sales are projected to surpass the previous years' levels. This company has special capability to expand in specific area(s) potentially increasing annual revenue by millions of dollars.
Support & Training:
The seller will remain for 30 days at no compensation and is willing to stay on in some capacity for some time if the new owner desires the help and wants to negotiate something with the owner.
Reason for Selling:
retiring
Business Website:
http://biztsfr.com
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Contact the Seller

(from currently available funds)
 
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Tara Kueker

Business Listed By:
Tara Kueker

Business Transfer Specialists

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the Ohio Business Brokers Association (OBBA).


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