Home Care Agency in Connecticut - 34897

Financing

$1,600,000 Down and Balance over 3 years @ 6%

Business Description

This unique niche home care agency is rapidly growing at a compounded rate of 8% per month. This business services a niche disabled population for which DOH and DDS pay a higher hourly rate. Non-medical care. Census is 60 clients. Now licensed to service all populations in all counties of CT. Initial assessment by the Director of Nursing to determine level of care. Located in a brand new 11,000 sq ft facility cost $300,000 to buildout 3 years ago. Opportunity to offer home care services throughout the entire state and to also offer AFL (Adult Family Caregiving) services. It's difficult to obtain a home care license that covers the entire state of Connecticut. Long lease. Fully integrated software is provided by the state Sundata-CT and CTD SMAB. The state of CT is providing grants to cover certain expenses because the agency is the one of the few agencies providing service to these niche clients. Owners seek a buyer that can provide proof of funds of at least $1m and, more importantly, has relevant senior care experience. This is required for the name and location of the agency and the owner’s permission to engage with the buyer/ No Private Equity and bank financing will be considered. Gross revenue and net income numbers in the profile is projected based on the CURRENT monthly billing rate of $ 230,000 per month. The owner’s net profit margins are 25-30% and the net income representation is a projection based on actual current billing. With a Gross revenue of $ 2,740,000 and net income numbers of $700k. The Home Care Agency (Listing # 34897) shares the facility with a Social Adult Day Care (Listing # 34896) that services the same niche population. Listing # 34896 (SADC) is offered for sale together with this Home Care Agency. Contact broker Joseph Stansky at 631-383-3109 with your healthcare bio/ background and Proof of funds to learn more.

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