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This Business has been Sold!
Closing Date: 10/29/2023
Business for Sale Summary

Non-Medical Independent Home Care Agency - 35125

Business Type: adult homecare assisted living,hr/ staffing/employment ,misc. service/non-classifiable,other personal services,professional services,owner financing available,healthcare related services
Sold
Non-Medical Independent Home Care Agency
On October 29th 2023, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $419,000 Lease Remaining Register Free to View
Owner’s Cash Flow $125,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and Possible for a well-qualified buyer with a PG and collateral.

Business Description

Non-Medical Independent Home Care Agency. Price Reduced! Home based business. Low overhead. This healthcare business was established and licensed in 2017. The agency is licensed as a provider with the State of Connecticut to accept Medicaid clients. Currently homemaker, companion, and personal care assistance services are provided. With is current size, this agency services only 33 of the total 261 towns they are able to service. The agency has a good team of 18 (W-2) caregivers right now, but that can be expanded. There is the ability to add other skilled services with the State of CT for higher revenue. The business can be relocated anywhere in the state. With the poor outcomes for many seniors in nursing homes in 2020, there has been strong demand for home services. This has translated into year over year growth for this company over the past three years. 2022 year end sales were $419,000.00 with an owner’s cash flow of approx. $125,000.00. The seller keeps great records. He is selling as he prepares to move out of state. We are seeking a serious and financially qualified buyer with at least $150K in liquid funds to cover the down payment. Proof of funds will be requested before any buyer seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.