Successful Home Health Agency located in Somerset County that services numerous communities in Central New Jersey. The demand for home care service continues to expand due to the tens of thousands of senior citizens who retire every day. The company is Certified by the New Jersey Office of the Attorney General - Division of Consumer Affairs, and the company offers hourly or live-in home care services, and all aides are certified (CHHA) by the State of New Jersey Board of Nursing. This is a private company and continues to be dedicated with high standards in providing clients and senior citizens who require home care with trusted companionship, homemaking, and personal care assistance. This service is the alternative to a nursing home, assisted living facility, or retirement center. The company has a New Jersey State license which permits them to offer Skilled Nursing care, Personal and companionship care to their clients. This Home Health agency presently offers private care services paid for by private insurance or individual payment. The company also has their accreditation permitting them to offer Medicaid clients which will substantially increase their services and gross income. The hourly fees range from $27.00 for basic services and $150.00 plus for skilled nursing care. Their Registered Nurses provide compassionate medical care for chronic illness, injury, or disability, the caregivers include medication management, tracheostomy care, PEG and NG tube care, injections, wound care, and more. The company also offers basic home care in order for their clients to continue living in the comfort and safety of their home. Whether the client is recovering from a procedure, coping with a new disability, or simply needs an extra pair of helping hands. The company also offers basic companionship to assist with daily chores, meal preparation and pet care from their certified caregivers. This is a wonderful dependable business opportunity with continued growth potential for a motivated owner operator.
- Asking Price:
- $149,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $680,590
- Cash Flow:
- $55,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has an assignable commercial lease which renews yearly, plus additional options, with a yearly rent of $6,000, cost per square foot is $20. and rent security is required $1,000.
- Leasehold Rent:
-
$6,000 per annum
- Lease Rent:
- $20 per sq ft per annum
- Location:
-
This private service company is conveniently located in New Jersey, Somerset County. The facility consists of a three hundred square feet office with an attractive professional appearance. The company, as per the New Jersey state licensing regulations, can service within fifty miles of its location and presently conducts business in a limited area of Central New Jersey.
- Premises Details:
-
For Qualifications purposes, this business opportunity and industry requires New Jersey State license to conduct its services, additionally the company also has the required municipal license to operate.
- Size in square feet:
- 750
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no sales staff, and if improved can further develop the business sales. The company Medicaid approval is pending which will service an additional substantial portion of New Jersey residents.
- Competition / Market:
-
The concern for competition is not a factor for this industry and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this sale is due to the owner’s involvement with family in an alternative industry which will not compete with this company.
- Trading hours:
-
The business is active five days per week, with hours from 9:00 am to 5:00 pm, however a 24-hour message center services after hour calls.
- Employees:
- This home health agency has numerous home health aides available, a per diem part-time registered nurse who is unaware of the pending sale and fully expected to remain post-closing, total monthly payroll is estimated at $8,000.
- Years established:
- 2020
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $500 - included in the asking price
- Relocatable:
- This business can be relocated.
